Property Buying Guide
The First Time Buyers' Initiative
What is the First Time Buyers' Initiative and how does it work?
The First Time Buyers' Initiative (FTBI) aims to give more people including key workers the opportunity to own their own home by increasing the supply of affordable housing for sale. It is the umbrella name for government schemes to help first time buyers.
English Partnerships no longer exist in their own right and this has been absorbed by the Department for Homes and Communities.
Who is eligible and what are the selection criteria?
HomeBuy agents assess who is eligible for the schemes such as Rent to HomeBuy, FirstBuy, New-build HomeBuy. They are open to certain first time buyers who have a household income of less than £60,000 pa and keyworkers.
How do I apply?
Contact your local HomeBuy agent. HomeBuy agents assess eligibility and help buyers find a suitable home in their area.
www.communities.gov.uk
www.housingcorp.gov.uk
www.keyworkerliving.co.uk