Your First Home Scheme | First-Time Buyer Help

A new Government scheme designed to help first-time buyers onto the property ladder

Buying your first home could be about to become a little easier.

The Government has announced Your First Home, a new scheme designed to help first-time buyers in England who can afford the ongoing costs of owning a home but may be struggling to save a large enough deposit.

The full details are due to be confirmed by the Government. In the meantime, customers can register their interest with Bradleys and we'll keep them informed as further information becomes available.

Register your interest

How could Your First Home help?

2.5% deposit

The scheme is expected to allow eligible first-time buyers to purchase a qualifying new-build home with a deposit from just 2.5%.

20% Government-backed equity loan

A Government-backed equity loan is expected to cover 20% of the purchase price, reducing the size of mortgage required.

New-build homes

Your First Home is expected to be available on qualifying new-build properties purchased from developers participating in the scheme.

Designed for first-time buyers

The scheme is being introduced specifically to help first-time buyers who may be able to afford home ownership but are finding it difficult to save a larger deposit.

How is the scheme expected to work?

Under the proposals announced by the Government, eligible first-time buyers could purchase a new-build home with a deposit of just 2.5%.

The scheme is expected to provide a Government-backed equity loan of 20% of the property's value, reducing the amount buyers need to borrow through their mortgage.

The equity loan is also expected to have an initial interest-free period.

Household income limits and local property price caps are expected to apply. The detailed eligibility requirements will be confirmed by the Government when the scheme is formally introduced.

What could this mean for you?

For many first-time buyers, raising a deposit can be one of the biggest barriers to owning a home.

By combining a smaller deposit with a Government-backed equity loan, Your First Home could provide another route onto the property ladder for buyers who might otherwise need considerably longer to save.

Bradleys has an extensive network of offices across the South West together with a specialist New Homes team. As further details of Your First Home are announced, we'll help prospective buyers understand the scheme and identify suitable opportunities as they become available.

Register your interest

Need help with the mortgage side too?

Buying your first home can feel like there’s a lot to work out, particularly when it comes to understanding how much you could borrow, what your monthly payments might be and which mortgage options are available to you.

Bradleys Mortgages can help you understand your options and guide you through the mortgage process. Our experienced advisers can talk through your circumstances, explain the different choices available and help you prepare for taking that first step onto the property ladder.

As more details about the Your First Home scheme become available, we’ll also be able to help you understand how the scheme could work alongside your mortgage and what it could mean for your home-buying budget.

Talk to Bradleys Mortgages

Interested in Your First Home?

Register now and we'll keep you updated

The scheme hasn't launched yet, but you can register your interest with Bradleys today.

Simply complete the form below and we'll keep you informed as more details become available, including eligibility requirements, how to apply and qualifying new-build developments and properties available through Bradleys.

Registering your interest is free and there's no obligation.

Important information

Your First Home has been announced by the UK Government. Full scheme details, including eligibility criteria, property price limits, costs, participating developers and implementation dates, have not yet been confirmed.

Registering your interest with Bradleys Estate Agents does not constitute an application to the scheme and does not guarantee eligibility, mortgage availability or the availability of a suitable property. Further information will be provided as official scheme details become available.

Your First Home