# Launch the Your First Home equity loan scheme

> “The government has today (Saturday 26 September 2026) announced a new equity loan scheme - Your First Home - in England will be confirmed at next month’s Budget, to support more people into homeownership.”
>
> — HM Government; MHCLG press release, 26 September 2026

- **Status:** Promised
- **Status ladder:** Promised → In plan → Legislated → Funded → Delivering → Delivered
- **Policy area:** [Housing & environment](https://ledgergov.uk/promises/area/housing-and-environment)
- **Speaker:** [HM Government](https://ledgergov.uk/actor/hm-government)
- **Made on:** 26 September 2026
- **Where:** MHCLG press release
- **Deadline:** 28 October 2026
- **Cost a year:** No costing published
- **Who it affects:** First-time buyers in England buying a new-build home from a developer in the scheme. The government says it is expected to support 2.5% deposits, backed by 20% government-backed equity loans; income and price caps are to be set at the Budget.
- **When:** To be confirmed at the Budget on 28 October 2026; no start date given
- **Paid for by:** Partly stated: "Developers will be expected to make a contribution when signing up to the scheme to help cover costs"
- **Quote source:** https://www.gov.uk/government/news/new-first-time-buyer-scheme-to-be-confirmed-at-budget (checked word for word on 8 October 2026; Open Government Licence v3.0)
- **Last updated:** 8 October 2026
- **Card:** https://ledgergov.uk/promise/uk-your-first-home-2026

## Where it stands

The government says the scheme will be confirmed at the Budget on 28 October 2026, with its costs, income and price caps and timetable.

## Timeline

- 26 September 2026, Promised: The government announces the Your First Home equity loan scheme for England, to be confirmed at the Budget
- 28 October 2026, Deadline (to come): Due to be confirmed at the Budget

## About the cost

No figure yet. The government says costs and timelines will be announced by the Chancellor at the Budget.

Costing sources:
- [MHCLG: New first-time buyer scheme to be confirmed at Budget (26 Sep 2026)](https://www.gov.uk/government/news/new-first-time-buyer-scheme-to-be-confirmed-at-budget)

## Sources

- [MHCLG: New first-time buyer scheme to be confirmed at Budget (26 Sep 2026)](https://www.gov.uk/government/news/new-first-time-buyer-scheme-to-be-confirmed-at-budget)

## Checks

- Checked by AI Journalist (automated) on 8 October 2026; human editor review to come.

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