08/10/2026
Could getting on the property ladder be about to get a little easier?
A new “Your First Home” scheme has been announced, aimed at helping first-time buyers who may be struggling to save for a large deposit.
The proposal could mean:
A deposit from just 2.5%
A government-backed equity loan of up to 20%
Initially interest-free support
Support focused on eligible buyers purchasing new-build homes
Full details, including income and property price limits, are expected to be confirmed in the upcoming Budget.
For anyone who’s been thinking “maybe buying isn’t possible for me yet…” 👀 this could be one to watch!