Prime Minister Andy Burnham announced on September 26, 2026, a help-to-buy scheme for first-time homebuyers in England allowing deposits as low as 2.5% on new-build properties. The program provides buyers with a loan worth 20% of the property value.
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Exclusive: Policy initiative for England will help more young people on to property ladder, prime minister tells Guardian A new help-to-buy scheme aimed at giving first-time buyers who cannot rely on the “bank of mum and dad” is to be introduced in a big policy announcement by Andy Burnham. The programme, called “Your first home”, is intended to help buyers in England who have a regular income but
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"... provide them [first time byers] with a loan worth 20% of their NEW BUILD property's value." So in reality, it's a bung to the house builders. www.bbc.co.uk/news/article... The prime minister says he wants people without support from the "bank of mum and dad" to receive help.
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Going into his first party conference as prime minister, Andy Burnham revealed a set of new initiatives, from a new help-to-buy loan scheme for first-time buyers to a vision for universal free social care.
The housing secretary said the scheme will ‘build on the lessons’ from similar initiatives
Andy Burnham’s big property boost is subpar sequel www.breakingviews.com/columns/cons... The UK prime minister will let first-time homebuyers put down just a 2.5% deposit, reviving the 'Help to Buy' scheme of previous governments. The subsidy will help housebuilders, but less than inves...