Robert Jenrick, the housing secretary, hopes the new scheme will stop people from being priced out of areasFirst-time buyers will be offered discounts of up to 50 per cent on new-build home under a government scheme. Ministers hope to offer thousands of homes to key workers at reduced prices as part of the initiative, a feature of the government’s “levelling up” agenda. A trial has begun in Shirebrook, near Bolsover, Derbyshire, where the first 12 homes are being sold at 30 per cent under market rate. SponsoredThe two to four-bedroom houses, built by the developer Keepmoat, will be sold at a discount to first-time buyers, with the saving passed on to any future buyers. Prices start from £189,995, so buyers will save at least £59,998.50 on the purchase price.

Source: The Times June 04, 2021 16:03 UTC