First Homes

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First Homes is a government-backed affordable housing scheme designed to help more first-time buyers purchase their first home, and get onto the property ladder. The scheme will become an increasingly significant aspect of affordable housing developments.

First introduced in 2021 the government aimed to deliver 1,500 First Homes during the Early Development Phase between 2021-2023. Going forward, 25% of affordable housing built on development sites will be First Homes.

What are First Homes?

First homes: 

  • Are properties sold to first-time buyers with a discount of at least 30% from full market value.

  • The percentage discount is passed on to future purchasers in perpetuity. The discount is secured through a planning obligation, which runs with the land, along with a title restriction preventing the transfer of title without the express permission of the Local Authority. 

  • The maximum price of a First Home on its initial sale, after the discount has been applied, will be £250,000.

More information will be relased by the government as the scheme progresses. If you are interested in this scheme, you can find more information by visiting the Government's Own your Home website. 


To purchase a First Homes property, you will need to meet certain eligibility criteria: 

  • Are 18 years or older. 

  • Are a First-time buyer. 

  • Have a household income of £80,000 or less. 

The following must also apply: 

  • The property must be the buyers only home and main residence. 

  • Purchasers must be able to obtain a mortgage that covers at least 50% of the discounted purchase price. 

Buying a First Home

If you want to buy a First Home, find out what the buying process is and what you need to do.

Selling a First Home

If you own a First Home, find out what the process is for selling and what you need to do.

Letting a First Home

Owners can let a First Homes property for a designated period. Find out what your responsibilities are, and how to request permission.

Guidance for developers and estate agents

Some guidance notes for developers and estate agents throughout the sales, resales and letting processes.

First Homes Privacy Notice

The Privacy Notice explains the type of information we collect, for what purposes, for how long we keep your data, and what your rights are.


Keep up to date

Sign-up to our free Keep Me Posted email bulletin service to keep up to date about all things First Homes by selecting 'Affordable Housing' as the topic. 

Last updated 17 May 2024