Buying your first home can feel like a big leap. The First Homes scheme is designed to make that step easier — by offering eligible first-time buyers a discount of at least 30% on selected new-build homes in England.
When you combine this with your First Time Mortgage, it could mean a smaller deposit to save for, a lower mortgage amount or more manageable monthly payments.
It’s all about helping you get on the ladder sooner — and with confidence.
With First Homes, you buy a property for less than its full market value. You’ll get a minimum 30% discount, set by an independent valuer and after the discount, homes are usually capped at £250,000 (£420,000 in London).
The discount stays with the property, so when you sell, it’s passed on to the next first-time buyer, that means the scheme keeps helping people like you, long into the future.
You’ll typically need to be a first-time buyer aged 18 or over, someone who plans to live in the property as your main home, have a household income under £80,000 (£90,000 in London), and be able to take out a repayment mortgage for at least 50% of the discounted price. Some local councils may prioritise certain buyers — for example, local residents or key workers.
We’ve made it simple to combine First Homes with your mortgage journey:
Start with a quick check to see if First Homes and First Time Mortgage could work for you.
Check requirements hereLook for properties advertised as First Homes and check the discount and price.
They’ll base this on the discounted price, which could make borrowing more affordable.
Get in touch with the perfect broker for you hereYou’ll apply for the scheme and your mortgage at the same time. Your broker will guide you through every step.
Once everything’s approved, you’re ready to complete — and get your keys.