VECE · Poll
@olivia_hartley
The Budget confirms Your First Home, a scheme in England that lets first-time buyers purchase a new-build home with a deposit of just 2.5%, topped up by a government loan worth 20% of the price. It is for households earning under £110,000, or £140,000 in London. A new First Time Buyer ISA is due in April 2029. Would a 2.5% deposit get you onto the ladder?
#RealEstate #Savings #PersonalFinance #UnitedKingdom #Housing
0 answers
Options
- Yes, it's the only way I'd afford it
- A small deposit means a bigger loan
- Prices will rise and eat the help
- New-builds only is too narrow
- I already own my home