Buying a new home in your local area isn't always easy for first-time buyers, which is why the First Homes scheme was created.
First Homes are just like any other property, but they're available at a significant discount of at least 30% on the market value. With the discount applied, the maximum price for a First Home is £250,000 (£420,000 in London). However, local authorities can set lower price caps.
Download the First Homes Customer Guide for further information.
If I’m buying my first home with a partner, do they have to be a first-time buyer too?
When a First Home is being bought by more than one person, all purchasers need to be first-time buyers.
We use the definition of a first-time buyer stated in paragraph 6 of schedule 6ZA of the Finance Act 2003. This is done for Stamp Duty Relief purposes.
Can one member of a couple buy the home on their own if the other is not a first-time buyer?
If you're in a couple (whether married, in a civil partnership or living together), you should apply jointly to the First Homes scheme.
If the mortgage lender will only lend to one applicant (e.g. because one party has an adverse credit history), the local authority may approve first-time buyer help through the scheme. Keep in mind that both parties will still need to meet the first-time buyer criteria, which means they will need to sign the first-time buyer declaration.
Is anyone exempt from having to meet the local connection criteria for the First Homes scheme?
There are exceptions for members of the Armed Forces and recent veterans (who have left the Armed Forces within the past five years). If this applies to you, you won't have to meet local connection or key worker restrictions outlined by local authorities.
Bereaved spouses and civil partners of servicemen and women whose deaths have been wholly or partly caused by their service will also be exempt. However, all other eligibility criteria will need to be met, such as first-time buyer status and the household income caps.
To learn more about buying new build homes for sale using the First Homes scheme, please speak to our sales teams. They can give you more details about the application process and what to expect. If you're interested, you can find out more information about the First Homes scheme.
First Homes is available on our selected new build homes only, subject to contract and eligibility criteria. If you are purchasing through the First Homes scheme please note that you are required to meet the eligibility criteria under the scheme and to be issued with Authority to Proceed by the local authority. Please note that the Authority to Proceed is valid for three months from issue within which period exchange of contracts must have taken place. If Authority to Proceed has not been issued before reservation, then this reservation is subject to you meeting the eligibility criteria, a First Homes Application Form being submitted promptly to the local authority and an Authority to Proceed being provided. In the event that either (i) you do not provide the information required to submit the First Homes Application Form within twenty (20) Business Days of the reservation date, or (ii) the Authority to Proceed is not issued by the local authority within twenty (20) Business Days of receipt of the fully completed First Homes Application Form or (iii) the local authority confirms that an Authority to Proceed will not be issued or shall be withdrawn prior to exchange of contracts, then the reservation will be automatically be cancelled and the reservation fee shall be returned in full. To be eligible for First Homes you must meet the following criteria: 1: All purchasers must be a first-time buyer, even if more than one person is buying the new home from us. 2: You will need to meet any local connection criteria, or key worker restrictions set by the local authority. 3: Your household income must be no more than £80,000 in England, with the exception of London which is £90,000. 4: You will need at least a 5% deposit. 5: You will need to be able to obtain a mortgage for at least 50% of the new home to be purchased from us. We may also require evidence of your financial ability to proceed with the purchase of a new home from us. The maximum price of a new home covered by First Homes, after the discount has been applied, will be £250,000 (£420,000 in London). Local authorities can set lower price caps. The new home is sold at a discount of at least 30%. The discounts will apply to the new home forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is subsequently sold. First Homes is only available on selected developments and selected plots. Please contact the sales consultants for further information regarding First Homes and the application process. First Homes is a government scheme and is subject to the government’s terms for the scheme. This offer is not to be used in conjunction with any other offer, discount, promotion or scheme. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Subject to individual lender terms and conditions. Our usual reservation and sales terms and conditions also apply. Please speak to one of our sales consultants for more details.
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
