Your First Home
Helping first-time buyers get on the property ladder with a low deposit.
If you’re a first-time buyer who can afford the monthly cost of a mortgage but are finding it difficult to save for a larger deposit, the new Your First Home scheme could make it that little bit easier to unlock a new Gleeson home.
What is the Your First Home scheme?
Your First Home is a new government-backed homebuying scheme designed to help eligible first-time buyers in England buy a new build home with a smaller deposit.
Through the scheme, eligible buyers could buy with a deposit of 2.5% and receive a government equity loan of up to 20% of the purchase price, leaving a mortgage to take care of the rest. The equity loan will be interest-free for the first five years, followed by a gradual increase in charges. This could help reduce monthly mortgage payments compared with purchasing the same home using a standard 95% mortgage.
How the Your First Home scheme works
In simple terms, buyers will contribute a 2.5% deposit, supported by a 20% Government equity loan, with the remaining 77.5% financed through a mortgage from a participating lender.
For a £250,000 new-build Gleeson home, you could purchase your home with:
£6,250 deposit
£50,000 Government equity loan
£193,750 mortgage
Please note: these figures are for illustration purposes only.
Is Your First Home right for me?
Your First Home could help you buy a home if:
- You’re a first-time buyer looking to buy a new home in England
- Your household income is £110,000 or less
- You’re finding it difficult to save a larger deposit
- You’re looking to buy a new build home
- You can afford the monthly cost of a mortgage but need some additional support with your upfront costs
To be eligible, your total household income must be no more than £110,000. Local property price caps will also apply, based on median property prices in each local authority area. Eligibility will depend on your circumstances, the home you want to buy and lender approval.
How can I register for Your First Home?
The scheme is expected to open for pre-registration by the end of December 2026, with full applications opening from February 2027 and the first equity loans available from April 2027.
You can register your interest using the form below and we’ll keep you up to date with further information, including participating Gleeson developments and eligible homes, as soon as it becomes available.
And while you wait, you can browse our new build homes for sale today and find out what’s on offer near you.
Your First Home FAQs
Eligible buyers will need a deposit of at least 2.5% of the purchase price. The maximum deposit permitted under the scheme will be 15%.
Yes, the scheme is specifically designed to help eligible first-time buyers purchase a new build home in England.
The scheme is intended for eligible first-time buyers in England purchasing a qualifying new build home. Your total household income must be no more than £110,000, and local property price caps will apply. You’ll also need to meet the relevant lender’s affordability and mortgage requirements.
Yes. The equity loan will cover 20% of the purchase price and you'd put down a deposit between 2.5% and 15%, but you'll still need a mortgage for the rest. Speaking to an independent mortgage adviser now can help you understand what you may be able to borrow.
Pre-registration is expected to open by the end of December 2026, followed by full applications from February 2027 and first equity loans are expected to be issued from April 2027.
Read our first-time buyer guides which cover different stages of buying your first home, from saving for a deposit and understanding mortgages to getting ready for moving day.
