Rightmove Says Your First Home Scheme Could Help First-Time Buyers Access Homeownership
Bitget2026/10/28 16:49- Rightmove's new homes director Alex Slater called the Your First Home scheme a positive step that could boost first-time purchases and new-build demand.
- Eligible first-time buyers in England can purchase participating developers' new-build homes with a 2.5% deposit and a 20% government-backed equity loan.
- The equity loan offers five interest-free years, subject to regional and income price caps.
- Slater highlighted affordability pressures, with average two-year fixed mortgage rates at 5.54%, up from 4.25% before the war in Iran.
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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