Your First Home could make getting onto the property ladder more achievable, with deposits from 2.5% and a 20% Government equity loan, interest-free for the first five years. Pre-registration opens before the end of the year, ahead of applications in February 2027.
To use Your First Home, buyers will need to:
- Be a first-time buyer
- Purchase an eligible new-build home in England
- Buy within the relevant local property price cap
- Use the property as their main home
- Have a total annual household income of £110,000 or less outside London, or £140,000 or less within London
- Be able to obtain a mortgage from a participating lender
*Full eligibility rules will be published before applications open.
Whether you’re planning to use Your First Home or simply exploring your options, buying a brand-new home can offer a range of benefits that make taking that first step onto the property ladder feel simpler and more manageable.