Your First Home
A Government Scheme for First Time Buyers
Your First Home is a government scheme aimed to help first time buyers purchase a new-build home.
Designed for first time buyers purchasing their first home, Your First Home is a government scheme that can help buyers purchase a new-build home with a smaller deposit and mortgage. Eligible buyers will be able to purchase a home using:
– A deposit of at least 2.5% of the property purchase price
– A repayment mortgage from a participating lender
– A government equity loan worth 20% of the purchase price,
interest free for 5 years
Think you could be eligible? Click the button below to get in contact!
Want to know what you can afford? Try our mortgage calculator –
How does Your First Home work? EXAMPLE:
Buying a £300,000 home –
| Source of funding | Amount |
| Your deposit (2.5%) | £7,500 |
| Government equity loan (20%) | £60,000 |
| Repayment mortgage | £232,500 |
| Total purchase price | £300,000 |
The scheme is expected to open for applications from February 2027, but by registering your interest above, we can keep you updated on the progress and contact you when the scheme is open.
To use the scheme, buyers should:
– Be a first-time buyer
– Use the property as their main residence
– Have a total annual household income of £110,000 or less outside London
– Be able to obtain a mortgage from a participating lender
The below example shows assumes monthly costs, based on a £300,000 home. For further information, please visit https://www.gov.uk/government/publications/your-first-home/your-first-home
| Period | Standard 95% mortgage | Your First Home mortgage | Equity loan interest | Your First Home monthly cost |
| Years 1 to 5 | £1,530 | £1,248 | £0 | £1,248 |
| Year 6 | £1,530 | £1,248 | £75 | £1,323 |
| From Year 7 | £1,530 | £1,248 | £150 | £1,398 |
Delivering houses of exceptional design for aspirational people
For almost 40-years Hopkins & Moore have been building homes across East Anglia. Now, we have renamed to Denbury Homes but are still setting new standards for exceptional design and customer service.