Gerard Boon analysis: Will the Your First Home scheme unlock the housing market?

Created Nov 2, 2026 • AI-generated summary

Mortgage Solutions opinion column (2 November 2026) by Gerard Boon, managing director of Boon Brokers, analysing whether the UK government's Your First Home scheme will unlock the housing market. Boon argues the 2.5% minimum deposit (with 2.5%–15% buyer deposits plus a government equity loan of up to 20% under Autumn Budget 2026 details) will make homeownership more achievable and lift new-build demand next year, but says the extent depends on unpublished equity-loan affordability criteria and local authority price caps reflecting median prices. He expects lenders to develop tailored products, e.g. at 77.5% LTV for buyers combining a 2.5% deposit with a 20% equity loan. Membership limited to coverage of this Boon opinion column.