Rightmove says “Your First Home” scheme could cut first-time buyer deposit to 2.5% on new-builds
Bitget2026/09/29 13:37- Rightmove analysis flagged a proposed “Your First Home” scheme targeting first-time buyers of new-build homes in England.
- Outline points to a 2.5% minimum deposit, a 20% government-backed equity loan, and an initial interest-free period.
- On a typical first-time buyer asking price of £225,199, a 2.5% deposit equates to about £5,630.
- Rightmove noted mortgage rates remain elevated, with the average 2-year fixed rate at 5.49% versus 4.53% a year earlier.
- Key decision variables remain unresolved, including income caps, local price caps, lender participation, scheme timelines, and post-free-period equity-loan costs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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