First Home Scheme Explained | First Time Buyer Tips

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Navigating the First Home Schemes for first-time buyers can help you get on the property ladder, but where do you start?

In this episode, Phil Spencer breaks down the First Home Scheme, a government-backed initiative designed to help you get a foot on the property ladder. Discover how this scheme could turn your home-owning dream into a reality, despite the current economic challenges.

👉 VIDEO TIMESTAMPS ⏳
00:00 Introduction
00:57 Eligibility criteria
02:35 Potential downsides
03:47 Seek advice before proceeding

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MoveiQ

Why is it that you cannot find a direct website with homes available on this scheme?

tekkennady

About the discount when reselling, remember that if it costed, for example, 100k and you bought it 70k(includes 30% discount), then when you want to sell if for example it's worth 200k you have to honour the % discount, not the amount. In that case 200k - 30% = 140k. Therefore you'd still DOUBLE your money..

odysseasv

How do i find the properties that offers first home scheme discount?

SA-ojrp

I was reading about the scheme and I'm pretty sure there is no need for the house to be new, but I heard you saying the opistit?

WeSell-ss

Is it possible to let the property in the future, after living in it for may years let's say, if you decide to?

martavega.official

Hey Phil, I've just read your book and I'm curious to know if you think studio flats are a worthwhile investment, given the higher yield and strong rent demand? Thanks David

David-ynbs

Who decides what % we can get? I wonder, do we get to choose? Lets say i want 50% and no less?

dom

Could i buy an old house under this scheme?

NoName-ghzt

Didn’t this scheme end in November 2023?

JamesWolstenholme-ix

first home scam as usual :D Currently, I can see developers no longer provide this or its just for armed forces personnel.

wiecaszekpawel

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