Your First Home · Ashford

Your First Home in Ashford. A price cap of £435,000.

The government's equity loan for first-time buyers of new homes in England: a deposit from 2.5%, and a 20% loan interest free for five years, on a home under its council's price cap. Pre-registration opens before the end of December 2026, applications are expected in February 2027, and the first homes can be bought from April 2027.

Illustration, not advice No lender or product named Dated official figures, with their sources

Where you are buying

Council

Each council in England has its own price cap. A home on NewHomeSearch names its council on its page.

Your figures

A price to check

Deposit

Between 2.5% (£10,375) and 15% (£62,250)

Household income a year

The scheme's limit is £110,000, or £140,000 in London

Mortgage repaid over

The price is the asking price of a 3 bedroom semi-detached house at Crown Hill View by Redrow.

Worked out for

Your First Home in Ashford

Price cap £435,000

Homes under the cap

Computed

2 homes

On 1 development, from £415,000, of 25 for sale in Ashford. Whether each builder takes part is not known until builders register, expected by the end of December 2026.

See the 2 homes under £435,000

At £415,000

Computed

Within Ashford's cap of £435,000.

Your deposit2.5%: £10,375
Equity loan20%Interest free for 5 years, then 1.5% a year from year 6 and 3% a year from year 7: £83,000
Mortgage77.5%: £321,625

When you sell, or pay the loan back, you repay 20% of what the home is worth then, not the £83,000 you borrowed.

Each month

Computed

£1,778

The mortgage, at 5.26%, the Bank of England's September 2026 average for a 2-year fix at 85% loan to value, over 30 years.

Loan interest in year 61.5% of the loan a year: £104
Loan interest from year 73% of the loan a year: £208

First-time buyer stamp duty relief still applies, up to a price of £500,000.

A Lifetime ISA can go towards the deposit: the home is within its £450,000 limit.

The Mortgage Guarantee Scheme excludes homes bought with a government loan, so the two cannot normally be combined.

Pre-registration opens before the end of December 2026, applications are expected in February 2027, and the first homes can be bought from April 2027. The full rules (repayments, valuations, fees, who counts as a first-time buyer) come before applications open; this page changes when they are published.

Illustration, not advice: the scheme's terms as GOV.UK publishes them, the Bank of England's quoted rates, and the homes listed on 12 Nov 2026. No lender or product is named or recommended.

Developments with homes under £435,000 in Ashford

Crown Hill View by Redrow: 2 homes from £415,000

Counted on 12 November 2026 from the new homes for sale on NewHomeSearch. Whether each builder takes part is not known until builders register, expected by the end of December 2026.

How the cap works

A home bought with Your First Home must cost no more than Ashford's cap of £435,000. GOV.UK published the caps for every council on 3 November 2026.
The buyer puts down at least 2.5% and at most 15%; the government lends 20% of the price, interest free for five years; a repayment mortgage covers the rest.
It is for first-time buyers with a household income of £110,000 or less, buying a new home from a builder taking part, to live in.
Applications are expected to open in February 2027; the full rules come before then.

Sources: GOV.UK, Your First Home; GOV.UK, Your First Home: local authority property price caps (Open Government Licence v3.0). Every council's cap.

Your First Home in Ashford. A price cap of £435,000.

Illustration, not advice No lender or product named Dated official figures, with their sources

Where you are buying

Council

Each council in England has its own price cap. A home on NewHomeSearch names its council on its page.

Your figures

A price to check

Deposit

Between 2.5% (£10,375) and 15% (£62,250)

Household income a year

The scheme's limit is £110,000, or £140,000 in London

Mortgage repaid over

How the cap works

A home bought with Your First Home must cost no more than Ashford's cap of £435,000. GOV.UK published the caps for every council on 3 November 2026.

The buyer puts down at least 2.5% and at most 15%; the government lends 20% of the price, interest free for five years; a repayment mortgage covers the rest.

It is for first-time buyers with a household income of £110,000 or less, buying a new home from a builder taking part, to live in.

Applications are expected to open in February 2027; the full rules come before then.