New “First Homes” Scheme & 30% Discount For 1st Time Buyers Announced

The government announced its new “First Homes” scheme this week – their scheme to help make it easier for first time buyers to get on the property ladder.

The scheme aims to lower deposit and mortgage requirements by offering first time buyers a 30% market discount on local, new homes.

With the average new home in England costing around £314k, this could see deposit requirements being slashed by around £18,000 (based on a 20% deposit).

You can read more about the scheme on this 1 page guide here.

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