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By our City reporter:
In 2026, the UK government is facilitating homeownership for first-time buyers through a permanent Mortgage Guarantee Scheme enabling 95% loans (5% deposit), the First Homes scheme offering 30-50% price discounts in England, and Stamp Duty relief on homes up to £300,000. These initiatives aim to reduce deposit barriers and speed up transactions.
Key 2026 Initiatives for First-Time Buyers:
Permanent Mortgage Guarantee Scheme: Launched in July 2025, this scheme supports 91-95% loan-to-value mortgages across the UK, allowing purchases with only a 5% deposit.
