First Homes is an exciting new Government scheme aimed at helping more people onto the property ladder. Through the scheme, selected new build homes are offered to first-time buyers at a discount of at least 30% of the market value, with priority given to local people and key workers.
The discount will then apply to that home forever – meaning future first-time buyers will benefit from the scheme too.
Available on selected developments and plots, the scheme is open to first-time buyers whose household income does not exceed £80,000 (£90,000 in London).
Applicants will also have to fit local eligibility criteria. Depending on the Local Authority, this can include armed services members, key workers and those who fit local connection criteria. Speak to a member of the development Sales Team for more information on local eligibility criteria.
You must also be able to get a mortgage for at least 50% of the discounted price of the home.
The price of First Homes is capped at £250,000 (after the discount has been applied), and £420,000 in London, although local authorities can set lower caps.
Selected properties included in the scheme are exactly the same as other homes in that development.
Sigma Homes currently have First Homes available at their development Spring Bank in Haywards Heath.
First Homes is available on selected Sigma Homes developments and selected plots. Terms and Conditions apply. To be eligible for a First Home you must be a first-time buyer and your household income must be no more than £80,000 in England (£90,000 in London). Not available in conjunction with any other offer.
