Your First Home: win the first-time buyers the new scheme will create.
A 2.5% deposit and a 20% government equity loan will bring a wave of first-time buyers to new-build sites. They grew up online and expect to buy online. Spaciable gives them a digital journey from the first enquiry to the first repair, under your brand.
Updated 29 September 2026 · Scheme details to be confirmed at the October Budget
Trusted by housebuilders and developers including
What is the Your First Home scheme?
Your First Home is a new government equity loan scheme for first-time buyers in England, announced on 26 September 2026. Buyers are expected to need a 2.5% deposit, with a 20% government-backed equity loan covering part of the price of a new-build home from a developer signed up to the scheme. It is the first buyer support scheme since Help to Buy closed in March 2023.
2.5%
Deposit
Buyers are expected to need a deposit of just 2.5% of the purchase price.
20%
Government equity loan
A government-backed loan covers 20% of the price, leaving a smaller mortgage.
0%
Initial interest-free period
The loan starts interest-free, which the government says could save hundreds of pounds a month.
New build
Participating developers only
Homes must be bought from developers signed up to the scheme, who pay a fee related to property values.
Targeted
Income caps and price limits
Aimed at buyers without the "bank of mum and dad". Unlike Help to Buy, eligibility will be restricted.
End 2026
Pre-registration opens
The Chancellor will confirm full details at the Budget in October 2026.
A £250,000 new-build home
Illustrative only, using the announced 2.5% and 20% figures. Price caps and income limits will be set at the Budget.
Buyer deposit · 2.5%
£6,250
Equity loan · 20%
£50,000
Mortgage · 77.5%
£193,750
A 95% mortgage on the same home would need a £12,500 deposit. The government says the interest-free period could save buyers hundreds of pounds a month compared with a 95% mortgage.
When Help to Buy ended, first-time buyer new-build sales fell by up to half.
First-time buyer new-build purchases dropped from around 50,000 a year at the Help to Buy peak to 25,000–30,000 after the scheme closed. Your First Home is designed to close the deposit gap that caused that fall. The developers ready to onboard those buyers are the ones who will capture the rebound.
40–50%drop in first-time buyer new-build transactions after Help to Buy
First-time buyer new-build purchases per year
1 in 3 → 1 in 6–8
first-time buyers choosing a new-build home, Help to Buy era vs late 2023
0.75 → 0.42
approximate reservations per site per week at major housebuilders, peak vs 2023
Sources: Homes England Help to Buy statistics, UK Finance, Home Builders Federation and housebuilder trading statements (Persimmon, Barratt Developments, Taylor Wimpey).
More first-time buyers. More developers competing for them.
As the scheme brings first-time buyers back to new build, developers will compete hard to win them, and the buying experience will be a deciding factor. Most of these buyers are digital natives who bank, rent and shop on their phones, and they will expect the same at every stage of buying a home.
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Register interest in a tapFrom a listing, a social ad or a QR code on site, with an instant reply.
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Reserve and pay onlineNo trip to the sales office to sign forms or hand over a reservation fee.
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See progress without chasingLegal, mortgage and build milestones visible in their own app, around the clock.
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Book meetings themselvesSite visits, spec appointments and home demonstrations in their calendar.
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Report issues with a photoSnags and defects logged in minutes, with updates until they are fixed.
How Spaciable onboards first-time buyers, step by step.
One connected platform, from registering interest to reporting a snag. Select a stage.
Every enquiry lands in your CRM.
When a buyer registers interest, the enquiry is captured and enriched automatically. Follow-up starts within the hour, with data your team can use to personalise the call.
- ✓Instant capture, no inbox
- ✓Enriched buyer data
- ✓Automatic follow-up
- ✓Full marketing attribution
See this journey running for your developments.
Book a 30-minute demo, or start with our free first-time buyer readiness checklist.
More buyers, without more admin.
A scheme-driven rise in enquiries can swamp a sales team. Spaciable's workflows run the repeatable steps for you. The CRM triggers each one, so every buyer gets a prompt, personal response and your team handles the exceptions.
Every enquiry is captured, qualified and nurtured automatically.
- Live availability checks
- Personalised follow-up within the hour
- Full marketing attribution
The lead process runs itself, from enquiry to attribution.
A reservation triggers the paperwork, payment and buyer account at once.
- Reservation pack issued
- Deposit reconciled against finance
- Buyer invited to the app
One action instead of fourteen.
Progression is tracked rather than chased, with buyers guided through each step.
- Milestones monitored across every chain
- Buyer updated at each step
- Completion date kept accurate
Exceptions come to you, not the whole list.
Data stays consistent so admin never delays the completion date.
- CRM data pulled into Spaciable
- Handover pack assembled
- Pre-inspection carried out
A celebration on completion day, not a scramble.
When buyers have more choice, the experience decides.
Your brand, from first click
Spaciable is fully white-labelled. Buyers download your app and see your name at every step, which builds trust with people buying for the first time.
The fastest response on the patch
Automated follow-up means your team replies first, while competitors are still working through their inbox.
Reassurance for nervous buyers
First-time buyers have the most questions. Clear milestones, FAQs, videos and documents answer them before they call.
Aftercare that earns recommendations
Quick, visible issue resolution turns new homeowners into advocates, which matters when buyers compare reviews between developers.
42%
less time spent on property handover and admin
75%
faster response to resident issues
85%
less compliance admin
Your First Home, answered.
Based on the government announcement of 26 September 2026. We'll update this page after the Budget.
What is the Your First Home scheme?
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A new government equity loan scheme in England, announced on 26 September 2026. It is expected to let first-time buyers purchase a new-build home from a participating developer with a 2.5% deposit, backed by a 20% government equity loan with an initial interest-free period.
How does the maths work on a £200,000 home?
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The buyer pays a £5,000 deposit, the government lends £40,000 and the buyer takes a mortgage of £155,000.
When does it open?
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Chancellor John Healey will set out full details at the Budget in October 2026. Pre-registration is expected to open by the end of 2026.
Which buyers and homes qualify?
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First-time buyers purchasing a new-build home from a developer signed up to the scheme. It is expected to include income caps and tighter price restrictions than Help to Buy. Exact limits will be confirmed at the Budget.
How much did first-time buyer new-build sales fall after Help to Buy ended?
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By around 40–50%. First-time buyer new-build purchases fell from roughly 50,000 a year at the Help to Buy peak to 25,000–30,000 after the scheme closed in March 2023.
What do developers contribute?
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Participating developers will pay a fee related to property values towards the running costs of the scheme.
How does Spaciable help housebuilders onboard first-time buyers?
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Spaciable gives every buyer a branded digital journey: registering interest, paying a reservation fee online, tracking legal progress, moving in, reporting issues and booking appointments. The CRM and agentic workflows automate the follow-up, paperwork and updates behind each step.
Can Spaciable run under our own brand?
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Yes. The sales listing, buyer portal and homeowner app are white-labelled with your logo, colours and content.