Your First Home Scheme
A smaller deposit for your first home
Minimum deposit, as a share of the price
Government equity loan
Interest-free on the loan
How it works
Put down at least 2.5% of the price. You can put down more to make your mortgage smaller.
On a £300,000 home: £7,500
An equity loan for 20% of the price, interest-free for the first 5 years and normally repaid when you sell.
On a £300,000 home: £60,000
A repayment mortgage from a participating lender covers the remaining 77.5%, so it is smaller than a standard 95% mortgage.
On a £300,000 home: £232,500
Is it for you?
The government has set out who can use Your First Home. You will normally need to be:
The full eligibility rules will be published before applications open.
You own your home from the day you complete. The government is not a joint owner or your landlord.
The loan is interest-free for the first 5 years. Interest is then 1.5% in year 6 and 3% from year 7. On a £60,000 loan, that is about £75 a month in year 6 and £150 a month from year 7, paid separately from your mortgage. These payments do not reduce what you owe.
You repay 20% of what your home is worth at the time, so the amount can go up or down.
You normally repay when you sell, and you can repay some or all of it sooner. Full repayment guidance will be published before applications open.
Examples from the government’s guidance, not the prices of our homes.
Loan interest in years 1 to 5
Loan interest in year 6
Loan interest from year 7
What happens next
Check your eligibility and the price cap where you want to live. It does not commit you to buying through the scheme.
The first buyers apply through the scheme, with participating developers and lenders.
The first purchases complete using the equity loan. We will update this page at every step.
Thinking of buying sooner?
Our Sales Advisors can show you the homes available now and help you weigh up your timing.
No. First Homes sells homes at a discount to their market value. Your First Home is an equity loan, where the government lends you 20% of the price.
Developers can register from the end of this year. Register your interest below and we will let you know whether our homes will be included.
The application rules have not been published yet. Speak to us before you reserve, so we can talk your timing through with you.
Legal and mortgage fees, insurance, council tax, maintenance and any estate charges, plus the loan interest after year 5. The government recommends independent financial and legal advice before you commit.
Homes shown above are available now. Whether they will be eligible for Your First Home depends on local price caps and developer participation, which are still to be confirmed.
Hear when pre-registration opens, when the price caps for Silsden, Skipton, Oxenhope and Keighley are published, and whether our homes will be included. Choose General enquiry as the nature of your enquiry.
Scheme details are from the government’s guidance, Your First Home, published 28 October 2026, and may change before the scheme opens. Your home may be repossessed if you do not keep up repayments on your mortgage. Last updated 30 October 2026.
