FirstBuy takes the pressure off saving for a deposit. With first time buyer mortgages
proving harder and harder to come by, the Government backed FirstBuy scheme could
be the perfect way for you to get on the property ladder. You can search for new
homes in the FirstBuy scheme below.
Who is eligible for FirstBuy?
FirstBuy is aimed at helping first time buyers onto the property ladder with a smaller
mortgage deposit. You could qualify for the FirstBuy scheme if you are a first time
buyer and your household earnings are less than £60,000. The scheme is aimed
at all first time buyers but will prioritise military personnel and existing social
tenants. Find out more about FirstBuy.
How does FirstBuy work?
FirstBuy is a government-backed equity loan scheme which helps first time buyers
like you onto the property ladder. The FirstBuy
scheme is a great alternative to shared ownership. It works through a joint
loan of 20% from the Government and Taylor Wimpey, which means that you only need
to put down a 5% deposit and a 75% loan-to-value mortgage, but you own 100% of your
new home. The maximum full purchase price of available properties for FirstBuy is
set at £280,000.
We are also currently offering lots of other schemes for First Time Buyers including
our own Shared Equity Scheme. We have new
houses for sale across the UK so even if you don't qualify for FirstBuy we're bound
to have a new home available that's just right for you.
Use the dropdown box below to find Taylor Wimpey new homes developments participating
in the FirstBuy scheme. New developments are being continually added to this list,
so bookmark this page and check our list of FirstBuy developments regularly.