First Homes Scheme 2026
The First Homes Scheme 2026 offers first-time buyers and key workers 30-50% discounts on new build properties. This guide explains eligibility, price caps, and how to apply.
Minimum 30% off market value, with local authorities able to increase to 40% or 50%
Unlike Shared Ownership, you own the entire property outright with no rent to pay
NHS, teachers, police, and emergency services get priority access to available homes
First Homes Eligibility Criteria
A first-time buyer (never owned property anywhere in the world)
Able to secure a mortgage for at least 50% of the discounted price
Earning under £80,000 household income (£90,000 in London)
Over 18 years old
Must be your main residence - no buy-to-let
Discount stays with property when you sell
Limited to new build homes from participating developers
You must try to sell to eligible buyers first
Key Worker Priority Categories
Local authorities can give priority to key workers in their area. The following professions typically qualify:
NHS Staff
Nurses, doctors, paramedics, healthcare assistants
Teachers
School teachers, teaching assistants, early years educators
Police Officers
Police constables and community support officers
Prison Officers
Prison and probation service staff
Armed Forces
Military veterans within 5 years of leaving service
Social Workers
Children's and adult social care workers
Fire Service
Firefighters and fire control staff
First Homes vs Other Schemes
| Feature | First Homes | Shared Ownership | Help to Buy ISA |
|---|---|---|---|
| How it works | 30-50% discount on price | Buy 25-75% share | 25% bonus on savings |
| Ownership | 100% ownership | Partial ownership | 100% ownership |
| Rent to pay? | No | Yes, on unowned share | No |
| Property types | New builds only | New and resale | Any property |
| When selling | Must sell at same discount | Keep equity on your share | No restrictions |
How to Apply for First Homes
Find a First Homes Development
Search for new build developments offering First Homes in your area through developer websites or local authority housing teams.
Check Your Eligibility
Confirm you meet the first-time buyer and income criteria. Local connection or key worker status may give you priority.
Get a Mortgage in Principle
Speak to a broker experienced with First Homes. You'll need a mortgage for at least 50% of the discounted price.
Reserve and Complete
Reserve your property, complete the legal process, and move in. A legal restriction is placed on the property to maintain the discount for future buyers.
Pros and Cons of First Homes
Significant discount (30-50% off market value)
100% ownership - no rent on any portion
Lower deposit needed (based on discounted price)
Key worker priority access
Keep equity gains when property values rise
Limited availability - new builds only
Discount stays with property when selling
Must sell to eligible buyers first
Cannot use for buy-to-let
Income caps may exclude some buyers
People Also Ask
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Need Help with First Homes?
Our mortgage advisers can help you navigate First Homes eligibility, find participating developments, and secure the right mortgage for your discounted property.
Related guides: First-Time Buyer Guide | Shared Ownership | Key Worker Mortgages