The British government said on Sept. 26 that its Your First Home equity loan scheme would be confirmed at next month’s Budget. The Help to Buy revival is designed to support first-time buyers and stimulate demand for new-build housing. Eligible buyers would be able to make deposits of 2.5%, use a mortgage covering 75% of a property worth up to £600,000, and receive a government-backed equity loan of up to 20% of the property’s market value. The equity loan would be interest-free for five years and repayable on sale, within 25 years, or alongside repayment of the main mortgage. Household income and local property-price caps will target support, while participating developers will contribute to costs. Help to Buy operated from 2013 to 2022 and helped more than a third of a million people purchase new-build homes.