Buying your first home can feel overwhelming, especially in high-demand areas like the South-East. The First Homes Scheme is a government-backed initiative designed to make that first step onto the property ladder easier by offering new-build homes at a minimum 30% discount off the market price.
This discount can make a real difference. A lower purchase price means you may need a smaller deposit and a lower mortgage, helping you buy sooner than you thought possible. Importantly, the discount stays with the property when it is sold in the future, so the scheme continues to help other first-time buyers. Local authorities can prioritise local residents and key workers, helping essential workers live closer to where they work and strengthening local neighbourhoods.
From a legal and practical perspective, the scheme offers clarity and certainty, with clearly defined eligibility criteria and increasing lender familiarity. For first-time buyers seeking a more affordable route into home ownership, the First Homes Scheme provides a secure, sustainable, and forward-thinking solution.
Buying under the First Homes Scheme comes with specific rules and checks, so it’s important to have the right legal advice from the start. Our Residential Property team guides first-time buyers through the process in clear, straightforward terms, handling the legal details and keeping everything on track – so you can focus on the excitement of owning your first home.
If you have any queries, please don't hesitate to contact Becky at rw@dawson-hart.co.uk, or phone our offices at 01825 762281.