Gleneagles Drive, Woodhall Spa, Lincolnshire, LN10 6PL

***ABOUT THE FIRST HOMES SCHEME***

The First Homes Scheme is a new scheme designed to help local first time buyers and key workers onto the property ladder by offering homes at a discount of 30% compared to the market price. The discounts will apply to the homes forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.

ELIGIBILITY CRITERIA
National Eligibility Criteria conditions will apply.

The First Homes scheme is available to first time buyers only (if the home is being purchased by more than one person, all must be first time buyers).

All buyers' joint gross income must not exceed £80,000 per year (or £90,000 per year for First Homes in Greater London).

Buyers will need to meet local eligibility criteria (if any) set by the local authority, such as a lower joint gross income cap, and/or at least one buyer having a local connection or being a keyworker. A lower income cap level and/or Local connection and keyworker status is as determined by the local authority.

You must be able to obtain a mortgage (or home purchase plan) for at least 50% of the discounted purchase price.

A property purchased using First Homes must be the buyers' only/main residence during ownership of the property.

Local Connections criteria includes the following:
1. Local connection to East Lindsey District Council which can be by one of the following:
(i) Was born in the district of East Lindsey and lived there for 2 years or more; or
(ii) Has permanently resided in the district of East Lindsey for 2 years or more; or
(iii) Used to permanently live in the district of East Lindsey for 2 years or more but has been forced to move away because of the lack of affordable housing; or
(iv) Has been permanently employed in the district of East Lindsey for 2 years or more.

All of the above criteria must be satisfied before an application for a property purchase using the First Homes Scheme can be processed.