Rightmove Says Your First Home Scheme Could Help First-Time Buyers Access Homeownership

• Rightmove's new homes director Alex Slater called the Your First Home scheme a positive step that could boost first-time purchases and new-build demand.
• Eligible first-time buyers in England can purchase participating developers' new-build homes with a 2.5% deposit and a 20% government-backed equity loan.
• The equity loan offers five interest-free years, subject to regional and income price caps.
• Slater highlighted affordability pressures, with average two-year fixed mortgage rates at 5.54%, up from 4.25% before the war in Iran.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rightmove plc published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.