Critics of the proposal argue that reducing deposit requirements increases the risk of homeowners falling into negative equity. They contend that the long-term solution to affordability is to increase the overall supply of housing until prices decline, rather than easing the financial terms for new buyers.
Wednesday, October 21, 2026
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Burnham Revives Help to Buy With 2.5% Deposit Scheme
World25 days ago
A new mortgage initiative called 'Your First Home' will allow young residents in the UK to enter the property market with lower down payments starting next week. Andy Burnham's plan enables first-time buyers to secure loans with deposits as low as 2.5%, restoring the mechanics of the previous Help to Buy program to increase the rate of housebuilding. The UK government will officially confirm the details of the loan scheme in its October budget.
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