Frequently Asked Questions In Relation To Strategic Land

What are First Homes What is Five Year Housing Land Supply
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What are First Homes?

The Government has introduced a new scheme called First Homes. This new scheme means that a First Home must be discounted by a minimum of 30% against the market value.

After the discount has been applied, the first sale must be at a price no higher than £250,000. ‘First Homes’ will be protected to ensure that restrictions are place on the property at each future sale to make sure that the home continues to be affordable to future buyers.

These homes will also account for 25% of all affordable housing units delivered by developers through planning obligations moving forward.