The scheme is for first-time buyers and new builds only; households with a combined annual income of more than £80,000 – or £90,000 in Greater London – cannot apply. More new homes will be offered to first-time buyers under the scheme across the country in the coming weeks. Leeds Building Society, said: “We’re pleased to be supporting the First Homes scheme, which aims to help people realise their dreams of owning their own home. “We’re pleased to be one of the first lenders to support the scheme.”See our full guide on how the First Homes scheme works and who qualifies for it, here. Local Government Association spokesman David Renard added: “It is important that the First Homes scheme does not come at the expense of providing truly affordable homes for rent.

Source: Daily Mirror June 04, 2021 07:49 UTC