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The First Homes Scheme is a government initiative that helps first-time buyers in the UK purchase their own home. At Property Link Homes, we understand the challenges faced by first-time buyers and are proud to be a part of this scheme to make homeownership more affordable and accessible.
The First Homes Scheme is a government initiative that provides discounted homes for first-time buyers in the UK. These homes are sold at a discount of at least 30% compared to their market value and are reserved for those who meet the eligibility criteria.
The scheme aims to help first-time buyers get onto the property ladder and make homeownership more affordable and accessible for those who might otherwise struggle to afford it.
At Property Link Homes, we have extensive experience in providing mortgage and financing services to first-time buyers. We understand the unique needs and challenges faced by those looking to purchase their first home and can help you navigate the process with ease.
We can guide you through the entire process, from applying for the First Homes Scheme to securing a mortgage that meets your needs. Our mortgage advisors can help you determine your eligibility for the scheme and provide advice and support as needed.
The First Homes Scheme offers a range of benefits to first-time buyers. Here are some of the key advantages:
Discounts of at least 30% on the market value of the property
Priority access to these discounted homes for first-time buyers
Flexibility in terms of the type of property and location
The option to sell the property in the future, with the discount passed on to the next first-time buyer
The process of the First Homes Scheme can be complex, but at Property Link Homes, we make it as simple as possible. First, you'll need to check your eligibility for the scheme and apply for it through your local authority.
Once you've been approved for the scheme, we can help you find a property that meets your needs and guide you through the mortgage application process. We can also provide advice on any additional costs associated with buying a home, such as solicitor's fees and stamp duty.
We understand that you may have questions about the First Homes Scheme, so we've compiled a list of common questions and answers to help you.
Q: Who is eligible for the First Homes Scheme?
A: The scheme is open to first-time buyers in the UK who meet the eligibility criteria, including income restrictions and local authority residency requirements.
Q: Can I still get a mortgage if I use the First Homes Scheme?
A: Yes, you can still apply for a mortgage to cover the remaining cost of the property.
Q: How long do I have to live in the property under the First Homes Scheme?
A: There is no minimum occupancy period, but you must notify your local authority if you wish to sell the property in the future.
If you're interested in the First Homes Scheme or have any questions, please don't hesitate to get in touch with us. You can call us on 01765 360058, email us at [email protected], or visit us at Property Link Homes, 10-10A North Street, Ripon, North Yorkshire, HG4 1JY (Above Joplings)
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