First-time buyers in scramble for homes with 30% off under new scheme

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First-time buyers in scramble for homes with 30% off under new scheme
Belgique Dernières Nouvelles,Belgique Actualités
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First-time buyers in scramble to get homes with a third off - but just 12 are up for grabs

Housing Secretary Robert Jenrick hopes to be able to put 1,500 home up by the end of the year, with developers forking out the upfront costs.The scheme aims to help more young Brits get onto the property ladder asONLY first-time buyers can purchase a home under the First Home scheme and it's not available in Wales or Scotland.

However, further conditions can be set by local councils so the eligibility criteria may vary depending on where you're looking to buy.But after the first three months of the homes going on sale, extra conditions set by the local authority will be removed for any First Homes which haven’t been sold or reserved.

And the discount will be passed on when the owner sells the home, meaning more lower income Brits will be able to benefit in years to come.They will have a minimum of 30% off, but developers could offer even more to tempt them to be snapped up.

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Belgique Dernières Nouvelles, Belgique Actualités

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