We're committed to supporting your First Homes clients
As one of the largest UK Building Societies, we're committed to helping as many people as possible achieve their home ownership aspirations. As part of this commitment, last year we became one of the first lenders to support the Government's First Homes scheme.
Homes England plan to deliver over 1,500 First Homes this year in over 100 locations across England. We provided mortgages on 39% of all of the phase 1 First Homes sites, with the phase 2 delivery programme now well underway.
With new sites going live each week, our bespoke First Homes product range is designed to support the ongoing rollout of the scheme and help even more people get onto the property ladder.
What is First Homes?
First Homes is a new Government-led scheme to support first time buyers and key workers onto the property ladder, by offering homes at a 30% discount against the property's market value. A discount that will remain on the property forever to support future generations of first time buyers in the community.
Our First Homes mortgage proposition:
- 30% discount for first time buyers
- Competitive range of 2 and 5 year products available
- Fee free products
- Free standard valuation on both products
- Scheme is only available in England
We will keep you up-to-date as this proposition expands, so watch out for further communications in the coming months.
To explore the rest of our New Build proposition, visit our website or get in touch with your local Business Development Manager. Alternatively, contact your Intermediary Support Team at Intermediary.lending@newcastle.co.uk or 0345 602 2338.