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Earnings limit of up to £140K for first-time buyers loan scheme

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Households will need to earn less than £110,000 to qualify for the government's new loan scheme for first-time buyers, or £140,000 for homes bought in London.

As first reported by The Times , external , the earnings limits are expected to be confirmed at the Budget next week.

The Your First Home scheme will offer government-backed equity loans worth 20% of new-build properties in England bought from participating developers.

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'I'm 96 and have 15 million followers': The grannies taking over TikTok

Ninety-six-year-old Lillian Droniak, known as Grandma Droniak to her social media followers, went viral in June after claiming her retirement home had threatened to evict her for throwing parties. The home later confirmed the threat, but reached a settlement with Droniak that allowed her to keep partying – but not supply alcoholic drinks. With 15 million followers, Droniak has turned her personality into a lucrative business, earning enough from social media to cover her nursing home fees of $12,000 (£9,000) a month.