Government cut to the cost of new homes by a third with First Homes, a ‘Game Changer’ says Steve Double MP

Steve Double, Member of Parliament for St Austell and Newquay, has called the announcement of the First Homes scheme, which will see a discount locked into the property to ensure more first-time buyers benefit in years to come, a game changer for people looking to take their first step on the property ladder.

The scheme will lower deposit and mortgage requirements for local first-time buyers in England – shaking up the housing market and making the dream of home ownership a reality. The discount will apply to a proportion of new homes, with the government consulting on how this will be delivered.

Veterans will be prioritised as part of Armed Forces Covenant and councils will also be able to use the scheme for front-line workers in their area such as police, nurses, prison officers and teachers.

Commenting, Steve said:

“I have long championed the need for more genuinely affordable housing that will stop young people in places like Cornwall having to move out of the area they grew up in in order to buy their first home.”

“The First Homes scheme will do just that, and along with the other schemes such as Help to Buy and Shared Ownership that the Conservative Government has introduced in previous years, gives first time buyers clear options as to how best take this crucial step in their lives, a real game changer for first home ownership!”