About this Event
IN PERSON ONLY · The Tree House, Elephant Park, London SE17
WALK IN: no prior knowledge needed. Renting, saving, or just starting to think about buying.
WALK OUT: the scheme set against a standard mortgage on the same home (buying, keeping and paying off), plus a checklist of what to fix first.
On 26 September the government announced Your First Home: a 2.5% deposit and a 20% government equity loan on new-build homes, with the full details due in the Budget on 28 October. We take it apart, along with whatever else the Budget changes for first-time buyers, and work from the final rules on the night.
WHY COME
• Buying: what a 2.5% deposit and a 20% loan mean for the mortgage you need, and what lenders check first: your credit file and your income.
• Keeping it: what the loan costs once the interest-free period ends, and the running costs of a new build that never appear in the asking price.
• Paying it off: equity loans are usually repaid as a share of the home's value, not the amount borrowed. What that means if prices rise, or fall.
• The alternatives on the same numbers: the Lifetime ISA bonus, shared ownership, and a standard mortgage with a bigger deposit.
• Your first steps: what to fix on your credit file, and in what order, so you are ready when registration opens.
This session is The Basics: no prior knowledge needed. If you already know your way around credit and mortgages, look out for a First Home & Credit session marked The Choices on the find your point Eventbrite page. Press Follow on the page to be told as soon as one is posted.
WHEN AND WHERE
Thursday 26 November · doors open 18:15 · we start at 18:30 · ends 20:00 · ten seats · £10. After the Budget on 28 October this page will be updated with what it confirms.
Please arrive between 18:15 and 18:30. Out of respect for everyone in the room, we start on time.
In person only — there is no online option.
Every find your point (FYP) session sits at one of three levels: The Basics (no prior knowledge needed) · The Choices (assumes the basics) · Fine-Tuning (improving what you already have).
Led by Rahul — ex-Wall Street and City credit trader; FSA-approved investment adviser until 2009 (FCA Register: RGM01078); now holds the Diploma for Financial Advisers (DipFA) and is working towards FCA authorisation to give personal advice.
find your point is a trading name of Kibo Integral Tech Limited (Co. No. 15322474)
Generic financial education — not personal financial advice.
Not yet authorised and regulated by the Financial Conduct Authority.
Direct Authorisation in progress.
This session is financial education, not financial advice — nothing in it is a recommendation, and all figures are illustrations, not promises.
Join the FYP WhatsApp Community for new sessions and money education: https://chat.whatsapp.com/GmN3ZWm8dvPGDiOcT2W2w9
Event venue & nearby stays
SE17 1GD, The Tree House, London, United Kingdom
Concerts, fests, parties, meetups — all the happenings, one place.