First Homes
The First Homes scheme is designed to help local first-time buyers purchase their first home at a discounted rate.
What is the First Homes scheme?
Designed to get first-time buyers onto the property ladder, the First Homes scheme is exclusively available on selected new-build homes in England.
Through this scheme, selected new build homes are available to first-time buyers local to the development at a discount rate of 30% of the market value*.
The percentage discount will apply to that home forever, meaning aspiring homeowners, just like you, can take advantage of the scheme for many years to come.
What is the eligibility criteria for the First Homes scheme?
To take advantage of this scheme, Gleeson recommends seeking independent financial and legal advice, however, the following core criteria must be met:
Be a first-time buyer (applicable to all purchasers)
All buyers’ joint gross income must not exceed £80,000 per year
The home purchased cannot exceed the value of £250,000 after the discount has been applied. Maximum price may alter based on local council criteria.
Meet all local eligibility criteria set by the local authority at the time of purchase
Provide proof that the property purchased using First Homes is the only/main residence during ownership of the property.
Which developments will offer the First Homes scheme?
The First Homes scheme is coming soon to the following developments:
Birkwood
Bracken Park
Bracken Park
Cooper's Meadow
Hawthorn Fields
Poppy Fields
Saddler Fields
The Homesteads
How do I apply for the First Homes scheme?
To find out more about First Homes, please speak to a Gleeson Sales Executive.
The First Homes scheme is available to first-time buyers only enabling them to buy a home for 30% to 50% less than the market value. The discount is set by local authorities and the scheme is subject to eligibility criteria (the core criteria is set nationally with additional requirements imposed locally). It is only available on selected plots and developments and cannot be used in conjunction with any other Gleeson scheme, offer or incentive unless specifically authorised by Gleeson in its absolute discretion (and subject to lender approval). The scheme may be withdrawn at any time if required by or agreed with the local authority. Please note that First Homes are a type of affordable housing and will be denoted as such on Gleeson site plans. Please ask your Sales Executive for further information or visit the government website. You should seek independent legal and financial advice when purchasing a property using the First Homes scheme.