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Banking · Originally published

Your First Home scheme swaps low deposits for higher purchase‑price options

The scheme lets the mortgage cover just 77.5% of the purchase price, cutting the cash required at completion.

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This brief summarises reporting published by www.financialreporter.co.uk on 13/10/2026. Claims below are attributed to that source.

Potential 114% boost in affordable new‑builds

However, buyers may end up paying more for a larger property, which could erode the breathing space the equity loan was intended to provide, especially when moving costs are also considered.

Developers’ contributions may affect price caps

Advisers should first establish a comfortable monthly payment before exploring the maximum purchase price the scheme could support, ensuring any extra borrowing remains visible to the client.

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