New Homes
Your home may be repossessed if you do not keep up repayments on your mortgage
Affordable New Build Homes: Discover Your Options with First Homes Scheme
There are a number of options available to those looking to purchase a new build home, including mortgage products from banks and lenders as well as government-backed schemes. These schemes are designed to make purchasing your new home a more affordable reality.
First Homes Scheme
Buy a home for 30% to 50% less than its market value with the First Homes scheme. Find out if you’re eligible, how to apply, and the rules for owning, letting, or selling a First Homes property.
What is a First Home?
First Homes are a specific type of discounted market sale housing and are considered to meet the definition of 'affordable housing' for planning purposes. Specifically, First Homes are discounted market sale units which:
Must be discounted by a minimum of 30% against the market value.
Are sold to a person or persons meeting the First Homes eligibility criteria.
On their first sale, will have a restriction registered on the title at HM Land Registry to ensure this discount (as a percentage of current market value) and certain other restrictions are passed on at each subsequent title transfer.
After the discount has been applied, the first sale must be at a price no higher than £250,000 (or £420,000 in Greater London).
First Homes are the government’s preferred discounted market tenure and should account for at least 25% of all affordable housing units delivered by developers through planning obligations.
Our Services
How we can help
Ready to start your journey to homeownership or need advice on your existing mortgage? Get in touch with us today and let our team of experts help you find the perfect mortgage solution.
First-Time Buyer Mortgages
Helping you get on the property ladder with confidence.
Remortgages
Find better rates and save money by switching your mortgage.
Buy-to-Let
Mortgages
Support for property investors looking to expand their portfolio.
Adverse Credit Mortgages
Options for those with less-than-perfect credit histories.
Self-Employed Mortgages
Tailored solutions for self-employed individuals with variable incomes.
New Build Mortgages
There are a number of options available to those looking to purchase a new build home.
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Ready to Take the Next Step?
Don't miss out on securing the best mortgage for your dream home. Our team of experts is here to guide you every step of the way, providing personalised solutions and competitive rates tailored to your needs. Whether you're a first-time buyer, looking to remortgage, or exploring buy-to-let options, we're here to help make your homeownership journey smooth and stress-free.
Get In Touch
Mon – Sat
9:00am – 8:00pm
Sunday – CLOSED
Phone Number:
0161 317 7496
Post Address and Mail
Email: [email protected]
Address
286 Bramhall Lane South
Bramhall, Cheshire
SK7 3DJ
Need-A-Mortgage.co.uk is a trading name of Linear Mortgage Network Limited registered in England and Wales at Registered Office: Howard House, 3 St Mary’s Court, Blossom Street, York, YO24 1AH Company reg number 5198588. FCA 408392
Need-A-Mortgage.co.uk is a trading name of Linear Mortgage Network Limited which is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.
We charge an arrangement fee of between £199 and £999. Your adviser will agree your arrangement fee with you before commencing any chargeable work for you, and the amount payable will take account of the following factors:
- Your personal financial circumstances
- The complexity of your borrowing requirements
- The amount of work required to fulfil your needs
We will also be paid a procuration fee from the lender. The amount of the procuration fee will be disclosed to you. You have the right to ask us to provide information on the range of procuration fees that the lenders on our panels offer to us.
Office address : 286 Bramhall Lane South, Bramhall, Cheshire, SK7 3DJ
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.