UK Government Launches ‘First Homes’ Scheme

The first discounted homes went on sale last Friday under the government’s new First Homes scheme, which it says will help “local young people and key workers on to the housing ladder”.

The properties in Bolsover, Derbyshire, are currently on offer at up to 30% below the market price to first-time buyers in the area, with the savings to be passed on with the sale of the property to future FTBs. “Meaning homes will always be sold below market value – benefitting local communities, key workers, and families for generations to come,” according to the Ministry of Housing, Communities and Local Government.

Additional homes will come into this system across the country “in the coming weeks”…

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