On 26 September 2026, the government announced 'Your First Home', a new equity loan scheme that will let first-time buyers purchase an eligible new-build property in England with a deposit of just 2.5% of the purchase price. The government would provide an initial interest-free equity loan representing 20% of the price, leaving the buyer to arrange a mortgage for the remaining 77.5%.
Full details, including the interest-free period, income and price caps, and the launch date, are due to be confirmed at the Budget on 28 October 2026.