Your First Home: buy your first home in England with a 2.5% deposit and a 20% government loan
The government has announced a new scheme for first-time buyers — Your First Home: a deposit from 2.5%, topped up by a government-backed equity loan of up to 20% of a new-build's price, with an initial interest-free period. Compared with a 95% mortgage that could mean saving hundreds of pounds a month. Income and price caps will be set at the Budget on 28 October.
27 September 2026
