S1 E38 - First Homes Scheme- the brand new Government Scheme for First Time Buyers

In this episode Sarah Tucker explores the brand new Government Scheme for First Time Buyers - the "First Homes Scheme". This scheme launched on 4 June 2021, with its first site being put on the market in Bolsover district, East Midlands. This scheme is one of many incentives from the Government to complete their pledge to build one million new affordable and attractive homes and help put home ownership within reach across the country. "I think this is another fantastic scheme and I love the concept of 'paying it forward' - anything we can do to help our first time buyers gets my vote" In this episode Sarah will talk you through the scheme, and explain the pros and cons of it. She will answer your common questions on the topic including: What is the First Homes Scheme? (For key workers, for example, NHS staff and Veterans. Only on local new builds?) How does the First Homes Scheme work? How does the First Homes Scheme differ from the Help to Buy/Forces Help to Buy and Mortgage Guarantee Schemes, can they be used in conjunction with each other/other schemes? How much will the homes cost? How much deposit will I need? Will the First Homes Scheme be worth it? When will the scheme be available? (from the end of June?) How can you apply? How can a Mortgage Broker Help For bespoke, personal mortgage advice tailored to you please visit www.themortgagemum.co.uk and get in touch with us today! We only charge you a fee if we can help!