The First Homes scheme is a government initiative designed to provide local houses and apartments for first-time buyers, getting them on the property ladder by offering new builds with a discount of at least 30% compared to market prices.
See below which of our developments are offering the First Homes schemes to help first-time buyers:
For further information on the scheme please download the First Homes Customer Guide.
If I’m buying with a partner, do they also have to be a first-time buyer?
Yes. If the First Home is being bought by more than one individual, all purchasers must be buying their first home, in keeping with the definition of a first-time buyer as set out in paragraph 6 of schedule 6ZA of the Finance Act 2003 for the purposes of Stamp Duty Relief.
Can one member of a couple buy the home on their own, and would this mean the other does not have to be a first-time buyer?
Couples who are married, in a civil partnership or living together should make a joint application to the government First Homes scheme. In rare circumstances, where the mortgage lender will only lend to one applicant (e.g. because one party has a poor credit history) the local authority may consider approving on an individual basis, but this is still subject to both parties meeting the first-time-buyer criteria. Both parties would therefore need to sign the new home first-time buyer declaration.
Is anyone exempt from having to meet the local connection criteria?
Yes. Members of the Armed Forces and recent veterans (who have left the Armed Forces within the past five years) are exempt from needing to meet any local connection or key worker restrictions set by local authorities.
These restrictions will also not apply to bereaved spouses and civil partners of servicepeople whose deaths have been wholly or partly caused by their service. In such cases, all other eligibility criteria, including first-time-buyer status and the household income caps, would still have to be met.
For more information about first-time mortgages, including details on the application process, please speak to our sales teams. 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.