BGC TV! How does the First Time Buyers scheme work?

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BGC TV! How does the First Time Buyers scheme work?

How does the First Time Buyers scheme work? There can be a lot to think about when buying your first home but first of all you need to figure out which pathway is the best one for you.


First time buyers scheme, basically there’s two different pathways. There’s first home fixed and there’s first home choice. The first home fixed you will be required to fill in an application and add yourself, your details to the first time buyer list with the government. The first home choice, you don’t necessarily have to be on the list for that but you need to find a property on the open market and that is within the requirements that again there is help and tips on the government website and Black Grace Cowley can also help you with that. It can be a bit daunting. There is a lot of information, it depends which criteria you fall into – are you a single person looking to buy a property or are you buying property with a partner, do you have children? There’s different thresholds for all different circumstances so firstly you need to identify which pathway is for you.

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