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Govt sets out more details of First Homes Scheme By Leah Milner 25 th May 2021 4:16 pm The government has set out further details of the eligibility criteria and planning guidance for its First Homes Scheme, which will offer buyers a discount of between 30% and 50% on new properties from the end of June. However, concerns have been raised that the scheme could have a negative impact on the supply of social rented homes. In a written ministerial statement yesterday, housing minister Christopher Pincher said that the homes would only be offered to those buying with a mortgage of at least 50% of the property’s value, in a bid to deter investors from taking advantage of the scheme.

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