What is First Homes
First homes is a government backed scheme to help first time buyers get onto the property ladder. Within the East Riding of Yorkshire, the property is discounted by 30% of the full market value. There are specific criteria to be able to qualify for First Homes, and an application form must be completed at the point of reserving a new Beal Home.
The discount on First Homes scheme applies in perpetuity, therefore the discount is passed onto each new buyer of the property, regardless of when it is sold.
Who is eligible to purchase a First Home?
To be able to purchase a First Home in the East Riding of Yorkshire, you should be:
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Over the age of 18
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Have a *local connection to the East Riding of Yorkshire
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Have a gross household income less than £70,000 per year.
What defines a local connection?
A local connection means either:
- Normally resident in the area of East Riding for at least six out of the last twelve months or three out of the last five years.
- By virtue of family association normally meaning that the applicant has parents, grandparents, adult children, grandchildren, a brother or a sister currently living within the East Riding who have been normally resident within the East Riding for at least five years.
- Secure employment for at least 1 year and a minimum of 20 hours per week.
Dont miss out on these select homes available
<p>To find out more, please speak to your sales executive on your nearest Beal Homes development, or call</p> <p>01482 977 776.</p> <p>The First Homes scheme is currently available on the following developments:</p> <p>Ferriby Meadows,<br /> North Ferriby</p> <p>Kings Fold,<br /> Kingswood Parks, Hull</p>
