New government scheme · Opens 2027

Your first home with BAR Homeswith just 2.5% deposit

A 20% government loan, interest-free for 5 years, on new-build homes. Here's what it means at our London developments.

See our examples →Register interest →
020 4526 6529hello@barhome.co.uk
2.5%Deposit
20%Government loan
5 yrsInterest-free
£650kInner London cap
Kitchen in a BAR Homes new-build apartment
£300,000 home
Deposit £7,500Loan £60,000Mortgage £232,500

How it works

Three parts, one home

  1. 2.5%
    Your depositThe minimum you put down
  2. 20%
    Government equity loan0% interest for 5 years
  3. 77.5%
    Repayment mortgageFrom a participating lender

You own 100% of your home from day one.

Questions about the scheme? We're here to help.

020 4526 6529hello@barhome.co.uk

Who can apply

Do you qualify?

First-time buyerEveryone on the purchase
New-build homeIn England, under the local cap
Your main homeYou live in it
Income up to £140kLondon household (£110k elsewhere)
Repayment mortgageFrom a participating lender

Worked examples

What it could mean at our developments

Tap a development, then move the slider.

Arka House

  • 300m to Totteridge & Whetstone
  • 999-year lease
  • Zero ground rent

£350,000

£300,000Local cap £500,000
Your deposit£8,750
Equity loan£70,000
Mortgage£271,250
Stamp duty£2,500
Deposit you save vs a 95% mortgage£8,750

Get your monthly payments & full breakdown

Enquire about Arka House →
020 4526 6529hello@barhome.co.uk

Illustration only. Prices and availability change. Eligibility of individual homes will be confirmed when full scheme rules are published. Stamp duty uses current first-time buyer relief.

The equity loan

Five years free, then a small charge

Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9
Yr 10+
0%Years 1–5
1.5%Year 6
3%Year 7 onwards
See the GOV.UK monthly cost example ↓
£300k home, 5% mortgage95% mortgageWith schemeLoan interestTotal
Years 1–5£1,530£1,248£0£1,248
Year 6£1,530£1,248£75£1,323
Year 7+£1,530£1,248£150£1,398

30-year repayment mortgage. Excludes fees, insurance, council tax, service charges and maintenance.

£64,000to repay if a £300k home rises to £320k
£56,000to repay if it falls to £280k

You repay the same share of the value you borrowed, usually when you sell. Early repayment is allowed.

When it opens

Get ready now

  1. Dec 2026

    Pre-registration opens

  2. Feb 2027

    Applications open

  3. Apr 2027

    First homes sold

Before you apply

Budget for the full picture

Mortgage costsNow and if rates rise
Loan interestFrom year 6
Buying feesLegal, mortgage, surveys
Running costsService charge, council tax
Selling laterRepaying the loan
Independent adviceWe can introduce a broker

Want a broker or solicitor introduction? Just ask.

020 4526 6529hello@barhome.co.uk

FAQs

Quick answers

Still unsure? Call 020 4526 6529 or email hello@barhome.co.uk.

What is Your First Home?
A government scheme in England. You pay at least 2.5% deposit, the government lends 20% interest-free for five years, and a repayment mortgage covers the rest.
When can I apply?
Pre-registration by end of December 2026. Applications from February 2027. First sales in April 2027.
What's the London price cap?
£650,000 in inner London boroughs like Newham and Southwark. £500,000 in outer boroughs like Barnet and Waltham Forest.
What's the income limit?
£140,000 household income in London, £110,000 elsewhere in England.
How do I repay the loan?
You repay the same share of your home's value that you borrowed, normally when you sell. You can repay early too.
Can I use it at BAR Homes?
Developers can register from December 2026. Register your interest and we'll tell you which homes could be eligible once the full rules are out.

Talk to BAR Homes

Find out what your first home could cost

020 4526 6529hello@barhome.co.uk
Arka House → Tanners House → Pix Court → The Regal →
Read next:Stamp duty guideProperty buying guide5% gifted depositNew-build warranties

Source: Your First Home, MHCLG, GOV.UK, updated 3 November 2026, and local authority price caps. Public sector information licensed under the Open Government Licence v3.0. Stamp duty: GOV.UK rates. General information, not financial advice. Rules may change before applications open.