First Homes Mortgages
Our First Home mortgage products are designed for properties purchased through the government's First Home scheme at a discount of between 30% and 50% of their open market value. These products are available for clients who meet the scheme’s eligibility criteria, are First Time Buyers with a combined annual income of no more than £80,000 (£90,000 in Greater London) and where the price of the home after the discount is applied is no more than £250,000 (£420,000 in Greater London). A First Home should be the buyer’s only home, with their local authority determining eligibility.