04/11/2026
For too many people, owning a home has felt out of reach, especially for those without access to the "bank of mum and dad". Labour's budget takes practical steps to help more people achieve home ownership.
๐ A new ยฃ4.7 billion Your First Home scheme is expected to help around 70,000 first-time buyers onto the property ladder while supporting the construction of 20,000 new homes.
๐ก An additional ยฃ1.5 billion for social and affordable housing is set to deliver 10,000 more homes.
๐ฐ A new First Time Buyer ISA will give savers a 25% government bonus to help build a deposit faster.