A new opportunity for first time buyers
What is the Your First Home scheme?
Your First Home is a new Government scheme being introduced in England, designed to help first-time buyers purchase a new-build home.
It is expected to combine a lower deposit requirement, potentially from 2.5%, with a 20% government-backed equity loan. This could make buying a home more affordable and help more people take their first step onto the property ladder.
To help you make an informed decision buyers should seek independent financial advice as to how the scheme may impact the affordability of any mortgage for your future property*.
Why choose a new home with St. Modwen Homes
Your first home should feel right for you from the moment you step inside. That’s why our homes are thoughtfully designed for modern life, with carefully considered spaces, quality finishes and everything you need to make it your own.
With a new St. Modwen home, you can enjoy:
Energy-efficient features built to modern standards
Thoughtfully designed layouts that make the most of every space
Bring your home to life with design themes curated by interior experts, from trend-led kitchens and bathrooms to flooring and finishing touches
A choice of welcoming communities across England
The added reassurance of a new-home warranty
Register your interest
The Government is expected to announce further details, including eligibility requirements, property price limits and launch date shortly.
Register your interest today and we’ll keep you updated with the latest information, along with St. Modwen Homes developments and homes that may be eligible when the scheme launches.
Mortgage Calculator
Our easy-to-use, free online mortgage calculator is perfect for anyone who is interested to find out how much their monthly mortgage repayments might be. It should help you to work out your options when it comes to buying a new home, giving you an idea of what you can realistically afford.
Calculate your Stamp Duty
Use the St. Modwen Homes calculator to work out how much Stamp Duty/LBTT you'll pay.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
The Your First Home scheme has been announced by the Government, but full details and eligibility criteria are yet to be confirmed. Any future availability will be subject to Government rules, eligibility requirements and participation by homebuilders.
Read the Government announcement
*The information on this page is intended as general guidance only. It should not be treated as financial, mortgage, legal or tax advice. The right option for you will depend on your personal circumstances, affordability, lender criteria and the specific scheme or incentive available. You should take independent financial advice from a qualified adviser before deciding whether any purchase, mortgage, incentive or scheme is suitable for you. Taking out a mortgage is a significant financial commitment and your home may be repossessed if you do not keep up repayments on your mortgage.