First Homes scheme developer
Latimer is proud to support First Homes; a new scheme designed to help local first time buyers and key workers onto the property ladder. Offering homes at a discount of 30% compared to the market price. The discounts apply to the homes forever. Generations of new buyers and the local community will continue to benefit every time the property is sold.
We're proud to support the First Homes scheme
First Homes is a new scheme designed to help local first time buyers and key workers onto the property ladder, by offering homes at a discount of 30% compared to the market price.
All our First Homes properties have now been sold
We've sold out of First Homes properties and helped first-time buyers into their new homes at three of our developments.
To find out more about the scheme Visit ownyourownhome.gov.uk
The discounts apply to the homes forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.
What is the aim of the scheme?
- Getting first time buyers on the housing ladder and helping people to own their own homes in the places where they live and work.
Who is the scheme for?
- Local first-time buyers and key workers.
What is the eligibility criteria?
- Purchasers of First Homes must be first-time buyers and must have a household income not exceeding £80,000 and £90,000 in London (or lower if set by the local authority).
- Post-discount price caps on first sale of the property of £250,000 across England and £420,000 in London (or lower if set by the local authority).
- A First Home should be the buyers only home and a purchaser will need to use a mortgage or home purchase plan for at least 50% of the purchase price of the home.
- Local connections and/or key worker status as determined by the relevant local authority.
Where are First Homes being built?
First Homes properties should, in time, be available throughout England. A programme of 1,500 First Homes has been rolled out over two years in more than 100 locations across the country.
Here at Latimer we're proud to have sold First Homes properties on a selection of our developments: