The UK will offer loans to first-time buyers to increase the homeownership rate.

The UK government will launch a new loan scheme to help first-time buyers purchase newly built homes, with a deposit as low as 2.5% and an equity loan worth 20% of the property price. The scheme, called "Your First Home," will be funded by cutting other government budgets, and Chancellor Healey will announce the specific details in next month's Budget. Pre-registration for the scheme will open by the end of 2026, and the loans issued will enjoy an interest-free period in the initial stage, while property developers will also provide funding support for the operation of the scheme.