First Homes

First Homes Explained

*Please note this scheme is only available at Jubilee Park*

First Homes is a new scheme designed to help local first time buyers and key workers onto the property ladder, by offering homes at a discount of 30% compared to the market price. In some areas the discount could be as high as 50%, providing even greater savings.


The discounts will apply to the homes forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.

Eligibility Criteria?

Rule 1
FTB

  • The scheme is only open to people who are first-time buyers. This rule also means that anyone who has inherited or been gifted a home is ineligible
  • The property must be for keeps, so to speak. As part of the government’s plan to ensure affordable homes do not get into the hands of those looking to sell them on quickly for profit, every subsequent buyer of the property will also be privy to the same discount as was available during the initial purchase.


Rule 2 Income

  • The scheme is only open to those who earn less than £80,000 (or £90,000 in London). This limit remains the same whether buying as an individual or in a couple.

Rule 3
Price Cap

  • The market price of the new-build property must not exceed £250,000, or £420,000 in London.

Rule 4
Local Connection

  • The buyer must have a ‘local connection’ to the area. This point has not yet been thoroughly defined, and is likely to be assessed on a purchase-by-purchase basis. It intends to try to give a leg up to local first-time buyers in England. It has been stated, however, that key workers – NHS employees, retail workers, delivery drivers, police, firefighters – will be prioritised.
If you believe you are eligible for the scheme and want to know when and how you can register your interest, keep an eye on the government’s dedicated page for updates.

 For further infomation please visit: https://www.gov.uk/guidance/first-homes or contact us direct: info@crippsdevelopments.co.uk and a Cripps Developments home advisor will contact you.



Search our current Properties:

Our Developments
Share by: