30/09/2026
Considering the 2.5% deposit scheme? Get ready now. 🏡
Nobody can apply yet, but these steps are worth doing whatever happens at the Budget:
📌 Build your deposit in an easy-to-evidence account
📌 Check your credit file, correct any errors and avoid new credit or missed payments
📌 Gather your documents in one place: ID, proof of address, 3 months' payslips (or 2 years' accounts if self-employed) and bank statements
📌 Check your true borrowing power and monthly affordability, not just the headline rate
📌 Get an Agreement in Principle so you can move quickly if the scheme opens
📌 Research participating developers and new-build sites in your area
📌 Budget for the costs beyond the deposit: solicitor fees, surveys, valuation, Stamp Duty where payable, removals and furniture
None of that is wasted if the scheme changes. It puts you in a stronger position either way.
Full details, including income and property price caps, the interest-free period and timings, are expected at the Autumn Budget on Wednesday 28 October 2026. Nobody can apply yet, and eligibility isn't guaranteed.
Want to start getting ready? Call Black & Gold Financial Services on 0161 250 1470.
Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. There may be a fee for mortgage advice, the exact amount will be based on your circumstances.
