Your First Home
At Latimer, we're committed to helping more people access affordable home ownership. The Government has announced the Your First Home scheme, designed to help eligible first-time buyers take their first step onto the property ladder.
Register your interest to stay up to date with the latest information and discover homes that may be available through the scheme at Latimer.
Helping first-time buyers take their first step
The Government has announced the Your First Home scheme, designed to help eligible first-time buyers purchase a new-build home with a lower deposit.
With a minimum 2.5% deposit, a Government equity loan of up to 20%, and interest-free repayments for the first five years, the scheme aims to make home ownership more accessible and help more people take their first step onto the property ladder. Customer applications are expected to open in February 2027, with the first property sales under the scheme expected from April 2027.
How the scheme works
Eligible buyers will be able to purchase a home using:
- A minimum 2.5% deposit
- A Government equity loan of up to 20%
- A mortgage to cover the remaining balance
- Interest-free equity loan repayments for the first five years
The scheme is designed to help eligible first-time buyers purchase a new-build home with a smaller deposit and reduce the amount they need to borrow through a traditional mortgage.
Who could be eligible?
The scheme is expected to be available to people who:
- Are first-time buyers
- Are buying a new-build home in England within the relevant local price cap
- Will use the property as their main home
- Have a total annual household income of £110,000 or less outside London, or £140,000 or less within London
- Are able to obtain a mortgage from a participating lender
Further details about eligibility and participating lenders will be confirmed by the Government. If Your First Home isn't the right option for you, Shared Ownership could be another affordable way to buy a home.
What are the benefits?
The Your First Home scheme is designed to help you:
- Buy a new-build home with a lower deposit
- Reduce the amount you need to borrow through a traditional mortgage
- Access home ownership sooner
- Take your first step onto the property ladder with greater confidence
We'll continue to update this page as further details of the Your First Home scheme are confirmed, including information about developments that may be available through the scheme at Latimer.
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