Low cost ownership home schemes

First Homes

First Homes is a pilot scheme where houses are available directly from developers. You should enquire with the developer to see what is available.

We do not market these properties.

These properties:

must be discounted by a minimum of 30% against the market value (e.g. a property valued at £250,000 would be discounted by at least £75,000 and marketed at a maximum of £175,000)
are sold meeting the eligibility criteria below
on their first sale, will have a restriction registered on the title to ensure the discount is passed on with future sales of the property
and
after the discount has been applied, the first sale must be at a price no higher than £250,000

We check the eligibility of applicants on behalf of the developers (they will get in contact with us) and you:

must be a first-time buyer
should have a combined annual household income not exceeding £80,000
and
should have a mortgage to fund a minimum of 50% of the discounted purchase price

You must also have a local connection through one of following criteria:

be ordinarily resident in the North Northamptonshire area for at least 6 months prior to exchange of contracts
have close family association with a family member ordinarily resident in the North Northamptonshire area
or
be moving to North Northamptonshire for the purposes of your employment in the area

Armed Forces

Local connection criteria will not apply to:

active members of the Armed Forces or their divorced or separated spouses or civil partners
spouses or civil partners of a deceased member of the armed forces (if death was caused by their service)
and
veterans within 5 years of leaving the armed forces

Last updated 23 August 2023