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First Homes Scheme

Smiling woman sits in her home after applying for a Marsden First Homes mortgage product.

Our First Homes mortgage is available to those looking to take advantage of the Government’s First Homes Scheme (Section 106), which provides discounted homes to eligible first-time buyers and key workers who otherwise wouldn’t be able to afford one.

Last updated 08 February 2023.

What is the First Homes Scheme?

Under the Government’s First Homes Scheme, purchasers will be able to buy a property with a discount of at least 30% off the market price. The purchase must be funded by a mortgage of at least 50% of the discounted purchase price, and your client may be eligible if their household earns £80,000 a year or less (£90,000 a year or less in London). To find out more about the scheme and our First Homes mortgage, please visit our frequently asked questions page.

Key criteria

Key criteria for our First Homes range:

  • Designed specifically for First Homes Scheme England
  • 95% LTV of the discounted market price
  • Minimum income £17,500 per application
  • Minimum property value £100,000


View our full First Homes criteria.

Featured product

Our featured product:

Sorry, there are currently no products available for this range.

Useful downloads

Downloads to help you apply:


You can find more forms and checklists on our Downloads page.

*Please note: When downloading the Affordability Calculator, you'll need to save the file into a trusted location (for example, your personal folders, not 'downloads') to ensure maximum accessibility.

First Homes FAQs
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First Homes FAQs

Service standards

Service standards

How to apply

How to apply

Contact us

Contact us

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