Government’s First Homes initiative could give discounts of £100,000 but prompts prediction of a ‘scramble’
First-time buyers in England will be able to apply for a discount of up to 50% on a new-build home under a government scheme.
The First Homes initiative could save buyers £100,000 or more. But some experts say that with demand for these cut-price homes likely to exceed supply, it could spark a scramble for properties and add more fuel to the house price boom.
