First Time Buyers

Summary

To ask the Secretary of State for Housing, Communities and Local Government, whether the 30 per cent discount of the First Homes policy is intended to replace the requirement for a deposit from the purchaser or whether a deposit is still required.

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Timeline

1. 4 June 2021

   Written question

   To ask the Secretary of State for Housing, Communities and Local Government, whether the 30 per cent discount of the First Homes policy is intended to replace the requirement for a deposit from the purchaser or whether a deposit is still required.

   Source: Commons

2. 14 June 2021

   Answer

   The discount is not intended to replace the deposit on a home but will make it significantly cheaper. We expect mortgage companies to be able to offer high loan-to-value mortgages on the discounted price of a First Home which, combined with the reduced co...

   Source: Written answer

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• · Ministry of Housing, Communities and Local Government · Answering body

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