On 26 September 2026, UK Prime Minister Andy Burnham announced the 'Your First Home' scheme to help first-time homebuyers without parental financial support. The scheme will be funded by reprioritising existing government budgets and sparked a rally in FTSE-listed housebuilders.
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Funding for the scheme is expected to come from reprioritising existing Government budgets
A new scheme will support first-time home buyers who can't rely on the "bank of mum and dad", Andy Burnham has announced.
The prime minister says he wants people without support from the "bank of mum and dad" to receive help.
Government announcement sparks a rally in FTSE-listed housebuilders, but there are still a lot of unknowns A fresh scheme to help people on to the housing ladder is to be unveiled by the government next month, but a debate is already raging over whether it is first-time buyers or housebuilders who will be the biggest winners. At the weekend, Andy Burnham announced plans for Your First Home, which