@tembomoney: The government’s proposed Your First Home scheme could cut the average time needed to save a deposit by 16 months, according to our latest research. Sounds pretty good, right? But there’s a catch… Even with a smaller deposit, buyers still need to qualify for a mortgage. And in 13 of the 17 English cities we analysed, lower earners would need to borrow more than 4.5 times their income. So, is a smaller deposit really the answer? We’ve crunched the numbers in our latest First-Time Buyer Index Q3 2026: Beyond The Deposit. 🔗 Read the full findings via the link in our bio. Figures based on Tembo’s illustrative modelling of the proposed scheme across 17 English cities. Scheme details are subject to confirmation. #firsttimebuyer #yourfirsthome #londonliving #newbuild #money

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