Starter Home Scheme

Aspiring home owners can now register their interest to purchase a new starter home via a new government backed scheme.

Starter home scheme. First time buyers aged under 40 will be able to purchase newbuild homes included in the starter home scheme which is expected to launch in the spring at a 20 discount to the market price. The scheme s original target was 100 000 starter homes over the next five years 2015 2020 however this has been increased to 200 000 under new conservative government. No specific dates have been set for the delivery of the first homes. The national starter homes register managed by the home builders federation allowing first time buyers to register their interest in the scheme provides a valuable source of information about.

The government is proposing to introduce a starter homes scheme that will allow home buyers to purchase a new build home at 80 of market value. When will the first starter homes be available. Properties will be built on brownfield land and sold at a 20 discount compared to. On site selection we propose to launch a pilot scheme by the end of next year using a residential site at anderson road kwun tong in the land sale programme to provide.

The starter home scheme is a government initiative. It is proposed that the homes will be built on brown field land and will be exempt from some regulatory and planning obligations. Click here to view the consultation. While the hbf has agreed to run a website through which prospective buyers can register an interest so that as and when homes do become available they receive information we have had no direct role in designing the scheme.

As starter homes is a new concept the government will continue to listen to the views of the community and finalise the details of the scheme for announcement in mid 2018. The starter home scheme is a new government plan where 200 000 new build homes are available to first time buyers under 40 years old with at least 20 off the market price. The initiative aims to provide up to 200 000 affordable new build homes to first time buyers in england by 2020. The starter homes scheme aims to help first time buyers between 23 and 40 years purchase a home with a minimum 20 discount off the market price.

The discounted price for these homes should be priced no more than 250 000 outside london and 450 000 in london. In january 2017 the government selected 30 local authorities to spearhead the schemes and offered buyers the chance to register their interest and receive official updates as they re announced.