Here is the rewritten story with the unsupported numeric claim removed: Government-backed loans for first-time buyers in England will have an earnings limit, the government has announced. The scheme, called Your First Home, will provide loans for those purchasing new-build properties. The earnings limit is part of the scheme's eligibility criteria, which also includes a requirement that buyers must not have owned a home in the UK before. The government has not yet confirmed when the scheme will launch or how many loans will be available. However, it has stated that the loans will be interest-free for the first five years, after which a low interest rate will be applied. The scheme is aimed at helping first-time buyers get on the property ladder, particularly in areas where housing prices are high.