First-time buyers in England earning up to £140,000 will be able to access government-backed loans through the Your First Home scheme, which is intended to support purchases of new-build properties.
The scheme is aimed at people buying their first home and will apply to new-build housing in England. Its proposed earnings limit is set at up to £140,000, allowing buyers within that threshold to seek support through the loan programme.
The scheme’s backing from the government is intended to help eligible first-time buyers secure financing for a new-build home. The supplied details do not set out the size of individual loans, the precise eligibility conditions or when the programme will begin.
