First homes is a new scheme which is designed to help local first time buyers and key works onto the property ladder. The homes offered through this scheme will be discounted by a minimum of 30% compared to market value. The homes purchased under this scheme will remain first homes forever. This means that generations of new buyers will continue to benefit from this scheme every time the property is sold.
This scheme launched in June 2021, 1500, First homes are currently being rolled out across the country over the next 2 years. First homes will start to become available across the borough as the scheme is incorporated onto new construction sites.
Who can Apply?
- 18 or older
- you must be first time buyer with a household income not exceeding £80,000
- The post-discount property must not exceed £250,000
- You must be able to get a mortgage for at least half the price of the home
- You do not own any other property/ The property must be used as the owner’s main home and not rented out throughout the ownership
How to apply
Homes are expected to be built from mid-2023 and therefore there are no properties available within our Borough currently.