First Home Scheme (Government / Banks)
First Home Scheme
Grant value: Equity stake of up to 30% of the property value — bridges the gap between your deposit and what you can borrow
A shared equity scheme where the government and participating banks take an equity stake in your home to help you bridge the gap between your mortgage and the purchase price. You buy back the equity over time.
Key Requirements
- ✓Must be a first-time buyer or 'fresh start' applicant
- ✓Must be purchasing a new-build property
- ✓Property price limits apply and vary by county
- ✓Must have a mortgage approval from a participating lender
- ✓Must contribute maximum deposit and borrowings before the scheme tops up
Applies to
first time buyernew build
Last verified: 2026-05-01. Always confirm details with the scheme provider before applying.