First Homes Scheme
Our team will make stepping onto the property ladder a whole lot easier.
First Homes Scheme
What is the First Homes Scheme?
The discount therefore could be as high as 50% of the selling price in some areas and these properties will only be available to purchase by first-time buyers.
How does the First Homes Scheme work?
This is done to ensure properties will always be sold below the market value, and therefore benefit the future generations of first-time buyers
Under this scheme first-time buyers will be able to purchase a new-build home in the local area, at a discount of at least 30% of the market price.
This Government scheme will provide discounted homes for first time buyers in England who otherwise wouldn’t necessarily be able to afford to buy one.
To be eligible for the First Homes Scheme you must:
1. Be a first-time buyer.
2. Buy within your local area.
3. You must intend to live in the property.
(i.e. it cannot be a buy-to-let or holiday home)
Whilst the scheme is open to people of every profession, the Government have indicated that there will be professions which that take priority. These include the armed forces (both serving and veterans) and key workers (nurses, firefighters, police, logistics and teachers).
The Government has also added some associated price and salary caps to ensure the scheme targets those most in need. To find out more information on First Homes, please follow the below link.
Please be aware you are about to be redirected to a government website: https://www.gov.uk/guidance/first-homes
Our experienced team are here to help you make purchasing
your new home a whole lot easier.
So why not contact us today and we will start by finding you your
perfect first mortgage.
How much can I borrow?
How much deposit do I need?
How much will it cost me each month?
How much will my stamp duty be?
You Could Borrow Up To
How much can I borrow?
Please enter only numbers
How much deposit do I need?
Please enter only numbers
BASED ON A MINIMUM 5% DEPOSIT.
How much will it cost me each month?
Please enter only numbers
Interest rate 2 %
How much will my Stamp Duty be?
Calculate Stamp Duty (SDLT) in England and Northern Ireland with our instant Stamp Duty calculator. If you are looking to buy in Wales please give us a call.