Skipton Building Society for Intermediaries are pleased to announce that they now support First Homes - a government run scheme in England designed to help first-time buyers get on the property ladder with discounted housing prices.
Your clients could get discounts on the price of a qualifying property of between 30% and 50% (compared to the market price) if they’re eligible for the First Homes scheme.
They’ll need to have at least 5% of the discounted price available to put down as a deposit, and a mortgage in place for a minimum of 50% of the discounted price.
National criteria (everyone must meet this):
Local authorities can also apply their own criteria:
If your clients are eligible for the First Homes scheme, then we may have a suitable mortgage in our range for them. And as always, we’re here to answer your questions.
For more information on First Homes England, please visit OwnYourHome.gov.uk
You can view the product range here