Today, I'm delighted to tell constituents looking to get on the property ladder that we have launched our flagship First Homes scheme, offering discounted homes for local first-time buyers and key workers, providing an affordable route into home ownership for even more people who want to own their own home.
Like my colleagues, i believe owning your own home should not be reserved for a small number of people, but must be a realistic and affordable for young people across the UK.
This First Homes scheme will help young people onto the housing ladder by offering homes at a 30% discount, ensuring that homeownership remains an affordable option for local people.
I should also add that that First Homes follows on from the 95% mortgage guarantee scheme which helps first-time buyers secure a mortgage with just a 5% deposit and the government’s ‘Own Your Home’ campaign, showcasing the range of flexible home ownership options available.
Additionally, my colleague the Housing Secretary, Robert Jenrick MP, said:
"Enabling more people to buy their own homes is at the heart of the mission of this government, and First Homes will offer a realistic and affordable route into home ownership for even more people who want to own their own home.
"Thanks to First Homes, we will offer more homes to local people and families, providing a route for first-time buyers to stay in their local areas rather than being forced out due to rising prices.
"First Homes will also support our fantastic key workers who are looking to get their first foot on the housing ladder – from front-line doctors and nurses to delivery drivers and supermarket staff – by giving many of them the chance to buy a home at a 30% discount."
For more information, please visit: https://www.gov.uk/government/news/discounted-homes-for-key-workers-and…