First Homes scheme

First Homes Schemes

If you’re a first time buyer you may be able to buy a home for 30% to 50% less than the market value. The home can be:

a new home built by a developer
a home you buy from someone else who originally bought it as part of the scheme

The First Homes scheme is only available in England. In order to qualify you must:

be able to get a mortgage for at least half the price of the home
be buying the home as part of a household here total income is no more than £80,000 or £90,000 if you live in London

Homes in London cannot exceed £420,000 after the discount, while elsewhere in England, the limit is £250,000.

If you want to learn more about the first home scheme then just give us a call.

Smile Finance Limited is an appointed representative of Capital Finance Brokers Limited, which is authorised and regulated by the Financial Conduct Authority 943805

Smile Finance Limited is registered in England and Wales with Registration Number 16102809 | Registered Office: 128 City Road, London, Islington, EC1V 2NX | ICO No. ZB821665

Some forms of buy-to-let mortgage are not regulated by the Financial Conduct Authority. the guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. Telephone calls made to us may be recorded and used for training and/or regulatory monitoring purposes.

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Straight-forward friendly, professional Mortgage and Insurance advice

First Homes scheme

First Homes Schemes

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