What you need to know about ‘Your First Home’ scheme for first-time buyers
The UK government has announced a new 'Your First Home' scheme designed to assist first-time buyers in England with a 20% government-backed equity loan and a reduced 2.5% deposit requirement. The announcement triggered a significant surge in the share prices of major housebuilders, although many specific details regarding eligibility and loan terms remain unclear. Further specifics, including income caps and the timeline for the scheme's launch, are expected to be revealed in the upcoming October budget.
- ▪The scheme offers a 20% interest-free government equity loan and requires a minimum deposit of only 2.5% for new-build properties in England.
- ▪Share prices for UK housebuilders such as Persimmon and Barratt Redrow rose sharply following the announcement of the new housing initiative.
- ▪Eligibility will be restricted by household income caps, deposit limits, and local property price caps to ensure the support targets those who need it most.
- ▪The government plans to announce further details about the scheme's mechanics and launch timeline in the budget scheduled for 28 October.
2 outlets in our directory ran this story, first to last over 16 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ You need £17,000 for a first home - here's how to do it — BBC News — Business
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| Original publisher | The Guardian — UK |
| Canonical URL | https://www.theguardian.com/money/2026/sep/28/first-home-scheme-first-time-buyers-what-you-need-to-know |
| Publication time | Mon, 28 Sep 2026 14:53:22 GMT |
| Retrieval time | 2026-09-28T15:27:23.499Z |
| Last seen | 2026-09-28T15:27:23.499Z |
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The Your First Home scheme will be available to first-time buyers in England. Photograph: Yui Mok/PAView image in fullscreenThe Your First Home scheme will be available to first-time buyers in England. Photograph: Yui Mok/PAFirst-time buyersExplainerWhat you need to know about Your First Home scheme for first-time buyersGovernment announcement sparks a rally in FTSE-listed housebuilders, but there are still a lot of unknowns Labour’s modest reheat of help to buy is worth a try Rupert JonesMon 28 Sep 2026 10.53 EDTLast modified on Mon 28 Sep 2026 13.09 EDTSharePrefer the Guardian on GoogleThe government will unveil a fresh scheme to help people on to the housing ladder next month but a debate is already raging over whether it is first-time buyers or housebuilders who will be the biggest…
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