Daily Express, on UK Politics, 14 November 2026
We do not republish articles from Daily Express. Our findings are below, each quoting the words it is about. Read the full article on the outlet's own site.
Read the original article on express.co.uk (opens in a new tab)The Daily Express reports a mortgage broker's warning that London buyers using the Your First Home scheme's 2.5% deposit could still need nearly £39,000 upfront at the £650,000 inner-London cap. The figures add up on the base the article states, the broker's view is attributed to him, and the article includes his point that the scheme could work well for buyers who stay put. Nothing in it misleads.
“A buyer acquiring a property at the £650,000 inner-London cap would require a £16,250 deposit, alongside £22,500 in Stamp Duty.”
The article gives the price, the deposit and the Stamp Duty figure separately, so a reader can check how the £38,750 total is built. The sums are consistent with the 2.5% deposit and the £650,000 cap it states.
“a mortgage broker has cautioned”
The opening sentence attributes the £39,000 warning to a named broker rather than presenting it as the outlet's own verdict on the scheme.
“If someone buys a suitable home and stays there for many years, the scheme could work extremely well.”
The article keeps the broker's qualification that the scheme can suit some buyers, so the reader gets his concern in proportion rather than as a blanket condemnation.
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