Google Adwords 0808 278 1398 Bing Ads 0808 274 4482
    1. Home
    2. News
    3. 2026
    4. November
    5. Your First Home - Government UK Guidance*

    Your First Home - Government UK Guidance*

    Posted on November 9, 2026
    The Government has announced a scheme called "Your First Home" which is to help first-time buyers purchase a new build-home from developers participating in the scheme in England who would struggle to get on the property ladder without assistance. First-time buyers would need to provide a deposit of at least 2.5% of the purchase price as opposed to the usual 10% and would be able to use a government equity loan worth 20% of the purchase price interest free for 5 years. The equity loan will be interest free for the first 5 years and thereafter 1.5% for Year 6 and then 3% from Year 7.

    Interest payments on the loan will be separate from the mortgage.

    If buyers are eligible to purchase a new build property they will normally be required to:

    • Be a first-time buyer
    • Buy a new build home in England, within the local authority 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

    *For full details of the scheme and how to pre-register visit Your First Home - GOV.UK

    New-build homes in Worcestershire*          Other new-build home locations in England *
    *You will need to confirm that the Developers of new build properties meet the Government Your First Home scheme requirements.

    If you are considering purchasing a property through the Governments Your First Home scheme and would like to discuss how our experienced Residential Property team can help you with your conveyance, please contact us on 01905 721600.  We have offices in Worcester 01905 721600, Droitwich 01905 775533 and Evesham 01386 761176.