Business · 1 hour ago

Earners Up to £140K Could Get First-Home Loans

Kevin Waterhouse, CC BY-SA 2.0, via Wikimedia Commons

Households earning up to £110,000 are expected to qualify for the government's new Your First Home scheme, with the limit rising to £140,000 for buyers in London. The plan offers government-backed equity loans worth 20% of a new-build home's price, letting first-time buyers purchase with deposits as low as 2.5%. Ministers are due to confirm the income limits and other details in next week's Budget.

By BriefTea Editorial · 23 October 2026 at 12:45

Reported by BBC News · How we write briefs

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