Help to Buy Scheme: 2026 Update
The Help to Buy scheme has been one of the most popular government initiatives for first-time buyers. Here's what you need to know about the scheme in 2026.
Current Status of Help to Buy
The original Help to Buy equity loan scheme closed to new applicants in October 2022. However, several alternative schemes are now available to support first-time buyers.
Alternative Schemes Available
First Homes Scheme
This scheme offers new-build homes at a discount of 30-50% off the market price. The discount is passed on to future buyers when you sell.
Shared Ownership
Buy a share of a property (between 25-75%) and pay rent on the remainder. You can buy more shares over time through "staircasing".
Lifetime ISA
Save up to £4,000 per year and receive a 25% government bonus (up to £1,000 annually) to put towards your first home.
Eligibility Requirements
- Must be a first-time buyer
- Must be 18 or over
- Income thresholds apply (varies by scheme and location)
- Must intend to use the property as your main residence
How We Can Help
Navigating the various government schemes can be confusing. Our advisors can help you understand which options you're eligible for and how to make the most of them.