Rightmove says “Your First Home” scheme could cut first-time buyer deposit to 2.5% on new-builds

• Rightmove analysis flagged a proposed “Your First Home” scheme targeting first-time buyers of new-build homes in England.
• Outline points to a 2.5% minimum deposit, a 20% government-backed equity loan, and an initial interest-free period.
• On a typical first-time buyer asking price of £225,199, a 2.5% deposit equates to about £5,630.
• Rightmove noted mortgage rates remain elevated, with the average 2-year fixed rate at 5.49% versus 4.53% a year earlier.
• Key decision variables remain unresolved, including income caps, local price caps, lender participation, scheme timelines, and post-free-period equity-loan costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rightmove plc published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.