Blog Post

First Home Scheme Launched in England

Rebecca Galgut Jun 16, 2021, 15:00 PM
212_Dataloft_inform_Insight

First-time buyers in England, in particular key workers, will have the chance to buy homes within their local area for a discount under the government's First Home Scheme launched this month.

The scheme will offer selected new build properties (houses and flats) to first-time buyers for between a 30% and 50% market discount. This discount is 'for keeps' and must be applied to all subsequent purchasers.

Based on the current average price of a new build property across England, prospective purchasers could save close to £70,000 based on a 30% discount, and nearly £115,000 if a 50% discount is applied.

Local Authorities can define 'local connection' and are expected to prioritise key workers. There are limits on buyer income, maximum purchase price post discount and a minimum 50% mortgage will be required. Source: Dataloft, UKHPI, based on average price of a first-time buyer home March 2021, UKHPI

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Peter Anthony are by far the best estate agents I've dealt with. Greg dealt with our move and was so quick to respond and helpful with any queries, he really made the process so easy."

- Katie

"Professional, swift service and I would highly recommend them as an estate agent."

- Anna-Marie

"Nothing is too much trouble . Very very professional"

- Kevin

"The Liverpool team are friendly, professional, and provide a great value service."

- Jacquie

"I would highly recommend Peter Anthony to anyone looking to purchase a property."

- William

"I had a brilliant experience with your agent Anne-Marie."

- Pippa

"Renting a property with Peter Anthony is one of the best experiences I have in my life."

- Saher

"In the liverpool office everything is so organised wouldn’t hesitate to let or sell my property with them."

- Styleous