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First Homes

First Homes is a homebuying scheme to help first time buyers get on the property ladder. Read below to find out more.

Help for first time buyers

Houses with green space

If you’re a potential first time buyer looking to take your initial step onto the property ladder, you should be well aware there’s Government support in place to assist you in your purchase.


And while Help to Buy may be familiar, the newly launched First Homes scheme may be less so. 

What is the First Homes Scheme?

The First Homes scheme is a discount available on the cost of particular newly built flats and houses in England for those who meet the scheme’s criteria. This discount starts from a minimum of 30% and is intended to help local people buy within their current community, in places where the typical market prices may make this financially challenging relative to their income.


Once the owner of a First Homes property decides to sell, the same discount will be passed on to the next eligible buyer, helping even more people get onto the property ladder in their own area. 

Kitchen with dining table

When will First Homes be available from?

Living room

The scheme gradually started to be rolled out in England from June 2021, with a target set by the Government to have 1,500 First Homes available to buy by the end of the year.


The number of eligible properties is relatively limited currently including no availability on Barratt Homes, but it should grow over time as more and more new developments enrolled in the scheme approach completion or come to market. 

Who is Eligible for First Homes?

If you’re wondering ‘am I eligible for the First Homes scheme?’, the answer will depend on several factors, including your income and what you do for a living. 

To be eligible you’d need to be:

  • A first time buyer
  • Able to get a mortgage to fund your discounted property purchase
  • Have a combined household income equal to or under £80,000 (or £90,000 in London).

Priority for houses and flats with a First Homes discount will go to key workers such as NHS nurses, teachers and police personnel, as well as current and former members of the Armed Forces.

Garden with table and chairs

Is First Homes available on Barratt properties?

Bedroom

First Homes is not currently available on our developments, but we have a range of other schemes and offers available that could help you own your own home.

 

We can also give you a hand understanding how to use Help to Buy and London Help to Buy on our homes when you get in touch to discuss your move today.