FirstBuy The stepping-stone into home ownership

In these tougher market conditions where First Time Buyer mortgages are much harder to secure, FirstBuy, the government's new first time buyer scheme, could be the perfect option to get you on the housing ladder much more affordably.

What is FirstBuy?

FirstBuy is an affordable housing Equity Loan product from the Homes and Communities Agency (HCA), working in partnership with house builders all over England.

This unique FirstBuy scheme has been designed for households who have found buying a property on the open market difficult due to the large deposits required for mortgages. First Time buyers could now benefit from getting additional government help to buy a brand new house through the FirstBuy scheme.

Under the scheme the government and house builders provide an equity loan as follows

Government and house builder provide equity loan of 20%
You arrange a mortgage for 75%
Meaning your deposit is 5%

For full details click on the FirstBuy Buyers Guide below

Many developers advertise plots that are eligible for FirstBuy on Rightmove, so you can search for FirstBuy homes now using our interactive map!

Am I eligible for FirstBuy?

To be eligible for a FirstBuy property, you must:

Have a household income of less than £60,000
Be a would-be buyer unable to afford a suitable home in their local area
Be able to demonstrate access to savings or funds to pay, if required, a deposit (which may be 5% or more of the purchase price, legal fees, stamp duty and costs of moving)
Not already be home-owners or named on a home mortgage
Have a good credit history
Take out a first mortgage with a qualified lender (e.g. a bank or building society)

The Government FirstBuy scheme is available only from approved, participating house builders, many of them who advertise on Rightmove and is available until March 2013.

How do I enquire about a FirstBuy home?

Use the map to search for available developments that you could purchase through the FirstBuy scheme through developers who advertise on Rightmove.

Once you’ve found a development you are interested in, Rightmove will display the contact details of your Local HomeBuy agent responsible for assessing and approving your eligibility for FirstBuy. You need to be confirmed as eligible before you proceed with the buying process.

Further details of the FirstBuy scheme and can be found in the FirstBuy Buyers Guide.

To find out who your local Homebuy Agent is please refer to the map.

Finding FirstBuy properties on Rightmove

First Buy logo Look out for this sticker in Rightmove which tells you that the property is part of the new FirstBuy government scheme.

For a full list of FirstBuy developments please contact your Local HomeBuy agent

HomeBuy Agent for

[Development name]