Your First Home
Your First Home is a new government scheme to help first-time buyers purchase a new-build home with a smaller deposit and mortgage.
Eligible buyers will be able to purchase a home using:
- a deposit of at least 2.5% of the purchase price
- a repayment mortgage from a participating lender
- a government equity loan worth 20% of the purchase price, interest free for 5 years
The scheme is expected to open for applications in February 2027 with the first completions expected April 2027. More information about eligible homes, participating developers and lenders, and how to apply will be available in due course.
All information has been taken from GOV.UK.