A major new government-backed scheme called "Your first home" is set to launch in England, targeting first-time buyers struggling to secure a mortgage without family financial support. The initiative aims to assist those with steady incomes but limited savings for large deposits, addressing a key barrier to homeownership. The policy announcement, revealed exclusively, signals a shift toward expanding access to property for younger adults facing financial constraints. Details on how the program will operate remain under wraps ahead of its official rollout.
Exclusive: Policy initiative for England will help more young people on to property ladder, prime minister tells GuardianA 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 have been unable to save for a large deposit or don’t have financial support from their family. Continue reading...
