First-time buyers and key workers to get 30% discount on new homes

First-time buyers and key workers are set to receive a 30 per cent discount for new-build homes as per a new scheme being proposed by the government.

The First Homes scheme will enable first-time buyers in England to save an average of nearly £100,000.

Key workers, such as nurses, police officers, firefighters, and teachers, as well as armed forces veterans, will be given priority to take advantage of the initiative.

Housing Secretary Robert Jenrick said: “I know that many who are seeking to buy their own home in their local areas have been forced out due to rising prices.

“A proportion of new homes will be made available at a 30% market discount rate – turning the dial on the dream of home ownership.”