Business · GB · 05:56

Young people struggle as government launches first-time home buyer loan scheme

BBC News · Business

Published 30 Sep 2026, 05:56 BST · Updated 30 Sep 2026, 06:57 BST

• The Your First Home scheme offers a government-backed loan covering 20% of purchase price with a 2.5% minimum deposit.
• A 19-year-old university student in Hertfordshire reported losing universal credit benefits and having no income after her student loan was delayed.
• The prime minister cited young people unable to rely on family financial support when launching Labour's housing initiative.