Thomas Bridge 02 March 2015

First time house buyers offered 20% discount

First time house buyers will from today be able to register for a 20% discount on certain properties in England.

The Starter Homes initiative will allow prospective buyers aged under 40 to claim the discount on properties built on brownfield sites. Discounts will remain on these properties for the first five years to stop buyers from re-selling and winning a quick saving.

Builders will be freed from affordable housing contributions to develop these properties on underused commercial or industrial land.

Councils and housebuilders can now start submitting plans to get Starter Homes developments underway, with working alongside developers to find suitable sites.

Yet housing associations raised concerns that the scheme could be detrimental to the development of affordable and social properties.

Prime minister David Cameron said: 'We want to help people who work hard and want to get on in life but have been priced out of the housing market. A 20% discount off the price could be a real game-changer for many aspiring home-owners.'

Communities secretary Eric Pickles added: 'The number of first-time buyers is already at a seven-year high and these Starter Homes, available at a 20% discount, will help even more people realise their dream of home ownership.

'This will also form part of our wider efforts to get the country building again, which have already led to 700,000 new homes being delivered since the end of 2009.'

Responding to the announcement, David Orr, chief executive of the National Housing Federation, said: 'This initiative would come at the expense of investment into properties for affordable and social rent and shared ownership, taking money away from renters and giving it to first-time buyers. We need all developments to contribute to affordable housing supply.

'We are calling on the next government to come up with a long-term plan to end the housing crisis within a generation, by making homes affordable as well as helping first-time buyers.'

LocalGov Weekly Round Up image

LocalGov Weekly Round Up

William Eichler, editor of LocalGov.co.uk, reflects on the stories that captured readers’ attention this week.
SIGN UP
For your free daily news bulletin
Highways jobs

Adults Social Worker - Learning Disability & Autism

Essex County Council
£37185 - £50081 per annum + Flexible Working, Hybrid Working
Interviews will be held in person on 9th April 2026.We welcome applications from Experienced and Newly Qualified Social Worker's (NQSW's). The starti England, Essex, Colchester
Recuriter: Essex County Council

Director of Housing

Salford City Council
up to £107k
Salford as a place to live, work, invest and visit, and Salford is being rebuilt. Salford, Greater Manchester
Recuriter: Salford City Council

Tutor

Essex County Council
£29377.00 - £30377.00 per annum
TutorPermanent, Part Time£29,377 to £30,377 per annumLocation
Recuriter: Essex County Council

SEND Engagement Facilitator

Essex County Council
£25821.00 - £30377.00 per annum
SEND Engagement FacilitatorFixed Term, Full Time£25,821 to £30,377 per annumLocation
Recuriter: Essex County Council

Finance Administrator Banking WMF2726

Westmorland and Furness Council
£26,403.00 - £26,824.00
They will be working in a fast-paced environment with changing priorities so will need to be adaptable. Cumbria / Various
Recuriter: Westmorland and Furness Council
Linkedin Banner