The new scheme could help more first time buyers in England take their first step onto the property ladder, and the Government has confirmed it is due to launch early next year.

This is what we know so far:

• To be eligible for the scheme, you must be a first time buyer, with a combined household income of under £110,000 (£140,000 in London).
• You could buy with only a 2.5% deposit and benefit from a 20% Government-backed equity loan that is interest free for 5 years.
• The scheme will be available on new-build homes only, subject to regional price caps.
• It is expected that reservations will be available from February 2027, with the first completions from April 2027.

All information has been taken from GOV.UK.

If you're interested in this scheme, you can register your interest by calling us on 03301 623 709 or completing the form below. We'll keep you updated as further details are announced and let you know where the scheme may be available.

However, there's no need to put your homeownership ambitions on hold. We already offer a range of low deposit schemes designed to help first time buyers make their move sooner.

Search below and speak to one of our Sales Advisers at your local development to discover how we can support your homeownership journey.