First Homes Scheme: Helping Key Workers and First-Time Buyers Get on the Property Ladder
At Carpenter Surveyors, we understand the challenges first-time buyers face in today's housing market, especially key workers who provide essential services in our communities.
That’s why we’re shining a spotlight on the First Homes scheme, a government initiative designed to make homeownership more accessible and affordable.
What Is the First Homes Scheme?
Launched in 2021, the First Homes scheme offers newly built homes at a 30% to 50% discount for first-time buyers, key workers, and local residents in England. This discount isn’t just a one-off—it stays with the property, ensuring future buyers in the community also benefit.
As Chartered Surveyors, we welcome initiatives like this that support sustainable local housing markets and enable people to live closer to their workplace or family support networks.
Who’s Eligible?
To qualify, buyers must:
✅ Be a first-time buyer (never owned or inherited a home)
✅ Have a household income under £80,000 (£90,000 in London)
✅ Be local to the area (live or work there, or have a family connection)
✅ Be able to get a mortgage for at least 50% of the home’s value
✅ Purchase a property under £250,000 (£420,000 in London)
Key workers are prioritised. This includes NHS staff, teachers, emergency service workers, supermarket staff, delivery drivers, and members of the Armed Forces.
Why It Matters
A major barrier to homeownership is affordability—particularly deposits and mortgage repayments. With the First Homes scheme:
A £200,000 home could cost you just £140,000 with a 30% discount
A 5% deposit on the discounted price would be £7,000 instead of £10,000
Mortgage repayments are lower, making monthly budgeting easier
As surveyors, we’ve seen how rising property prices have priced out key contributors to local communities. This scheme offers a tangible solution to that issue.
What’s the Catch?
It’s important to be aware of a few limitations:
When selling, you must pass on the same discount to another eligible first-time buyer
The scheme is currently location-dependent, and not yet widely available
There’s no central portal, so buyers need to research local developments themselves
At Carpenter Surveyors, we recommend checking with your local council or contacting developers to find out what’s available in your area.
How We Can Help
Our team at Carpenter Surveyors is here to support you through every stage of your homebuying journey:
✅ Pre-purchase surveys to assess property condition
✅ Valuations for mortgage and legal purposes
✅ Local market insight to ensure you’re buying at a fair price
✅ Guidance on what to watch out for in new-build developments
We’re proud to support first-time buyers and key workers who are considering First Homes properties. Our expert surveys can provide peace of mind and help you make a confident, informed decision.
Ready to Get Started?
If you’re thinking about purchasing your first home through the First Homes scheme—or you just want to know more—get in touch with Carpenter Surveyors today.
We’re here to guide you every step of the way.
📞 Call us on 0800 254 5202
📧 Email us at info@carpenter-surveyors.com
🌐 Get a Quote: https://www.carpenter-surveyors.com/get-a-quote
Carpenter Surveyors – Independent. Local. On your side.