As of February 2026, there are no new mortgage-specific rules exclusively for first-time buyers. However, lending remains governed by strict affordability requirements. Lenders must stress test applications to ensure borrowers could afford repayments if interest rates rise.
Loan-to-income caps still limit the proportion of mortgages above 4.5 times income. First-time buyer Stamp Duty relief thresholds remain unchanged. Help to Buy equity loans are closed to new applicants, but Shared Ownership and the First Homes scheme continue in selected areas.
The main requirement for first-time buyers today is demonstrating stable income, manageable outgoings and a strong credit profile.
Check out the GOV website for affordable home ownership schemes.
Your home may be repossessed if you do not keep up repayments on your mortgage.