First Homes scheme 2026: is it still available, and which lenders accept it?

First Homes (England) up to 95% LTV on discounted price for houses and flats (quote: Up to 95% LTV of the discounted purchase price for both houses and flats; loan plus incentives and fees cannot exceed 95% of the discounted purchase price). Dedicated First Homes products must be used; the product LTV band is loan against full market value, so a 95% loan usually prices in a lower band. FTBs only, repayment only, min loan 50% of discounted price, council Authority to Proceed needed. Remortgage accepted via Affordable Housing Remortgage range; further advance max 85% of discounted value.

First Homes purchases up to 95% LTV on discounted price for new-build houses/flats and second-hand (quote: Your client can borrow up to 95% LTV on First Homes applications for New Build houses/flats and second-hand properties; We base the LTV for both product and credit scoring purposes on the discounted price/value, not the open market value). Over 90% for houses or over 85% for flats must go by manual email application with Local Authority acceptance. FTB only, no interest only. Remortgage accepted but under Restricted Resale Price criteria, max 90% LTV on restricted value (quote: For second hand property purchases, and remortgage applications, our standard Restricted Resale Price criteria and LTV applies).

Considered only via the S106 rule (quote: Where there is a restriction on remarketing of the property e.g. Affordable Housing Schemes or Local Ownership Schemes this will be acceptable provided there is a Mortgagee Exclusion Clause). First Homes not named; no scheme LTV, LTV basis, flats limit or remortgage rule published.

Dedicated product Government First Homes Scheme - 2 Year Discount 95% LTV (IP476); manual underwriting, council approval under First Homes needed first, limited issue. Product page says all products available for purchase and remortgage unless stated, so remortgage accepted. LTV basis not stated on the First Homes page; the DMS criteria (95% LTV on discounted price, capped at 90% of open-market value for houses and 80% for flats/studios) are the likely read-across. Flats not specifically addressed.

Considered: affordable housing (S106) properties accepted for residential mortgages within the Society's core operating area only (quote: Social Affordable Housing Properties - Copy of the Section 106 agreement to have been approved by the Society). First Homes/DMS not named; no scheme LTV or LTV basis published. General limits would apply: purchase 95%, remortgage 90%, new-build houses 90%, new-build flats 80%.

Considered: S106 / affordable housing accepted on a residential basis (quote: We consider Section 106 and Affordable Housing applications on a residential basis only); deed must show non-onerous occupancy/eligibility terms plus mortgagee-in-possession and mortgagee protection clauses. First Homes not named; no scheme LTV or LTV basis published. General limits would apply: houses 95%, purpose-built flats 90%.

Dedicated First Homes/DMS range: live products First Homes/DMS 2 Year Fixed and 5 Year Fixed, max 80% LTV, purchase only (LTV basis not stated). Criteria guide only says applications under the Government First Homes scheme are acceptable, contact BDM. Min 5% personal deposit, repayment only, portable. Remortgage not accepted (product sheet says not designed for customers who want to remortgage an existing property purchased using a DMS/FH scheme); additional borrowing direct only. Flats limit not stated.

First Homes accepted with 5% deposit of the discounted price and council Authority to Proceed/Eligibility certificate; 95% LTV on discounted price (First Homes/DMV loan rule quote: The maximum LTV is 95% of the discounted purchase price). Houses only (quote: Available on houses only. Flats/Apartments & Maisonettes are not permitted), repayment only. Remortgage accepted (like-for-like, home improvements, transfer of equity) with council consent.

Purchase-only 90-95% range (e.g. DID188, MAX LTV 'over 90% and up to 95%') says 'Available under First Home Scheme.'; LTV basis not published (treated as LTV on discounted price); minimum loan £100,000 on that range; flats: general guide says 'New Build Properties, Flats and Maisonettes 90% (85% for new build flats)' (product features take priority for houses); remortgage not stated for First Homes (95% range is purchase-only; general remortgage max 90%).

No First Homes-specific entry; falls under Restrictive Resale Price Covenant Properties (S106): 'Heartland only. Mortgagee protection clause within S106 up to 90% LTV. No mortgagee protection clause within S106 up to 80% LTV.' S106 sent for mandator approval; new build max 90% and flats max 90%; LTV basis not stated; remortgage not stated; Heartland = CA and LA postcodes.

'Available to 95% Loan to Purchase Price for houses and 90% for flats (including fees) and 70% LTV': LTV on discounted price (houses 95%, flats 90%) with a second cap of 70% of open-market value (not binding at the 30% minimum discount); First Homes product guide Sept 2026 v3.9 shows Product LTV 70% / Loan to Purchase Price 95%; 'First Homes remortgage applications are not acceptable' (remortgage not accepted); England only; Authority to Proceed required; repayment only.

'New Build houses and flats are acceptable up to 95% LTV' and 'The LTV is based on the loan amount and the purchase price (discounted amount)' (LTV on discounted price; flats also 95%); first-time buyers only, full valuation. Product guide 08/09/2026: FH200/FH201 'First Homes England - Purchase Only' at 95% LTV; FH202/FH203 retention (product transfer only) at 95%; no First Homes remortgage product, so remortgage not accepted (product transfer for existing customers only).

First Homes not named in Barclays criteria; verdict inferred from its Discounted Market Sale policy, so confirm with the lender. First Homes not named; handled under the Discounted Market Sales policy (First Homes are S106 discounted-sale homes). Max 85% LTV on discounted price and, where a S106 applies, no more than 80% of open-market value (quote: Maximum 85% LTV based on the discounted sale price. Where there is a section 106 agreement, the LTV must not exceed 80% of the open market value). Same 85% for houses and flats (both columns of the special-schemes table). Product availability banded on full market value. Mortgagee-in-possession clause required, nomination period max 3 months; remortgage accepted (table row reads Discounted Market Sale (Purchase and Remortgage)).

Refer: First Homes not named; Discount Market Scheme is Not Acceptable but S106 restrictive covenants can be considered with a mortgagee-in-possession clause, LTV on restricted resale value.

Refer: S106 properties considered on the Flexi Fit unusual-property range to 75% LTV (purchase and remortgage); First Homes/discounted sale not named.

Refer: First Homes/discounted sale not named; properties with a restrictive covenant considered case by case via the Key Account Manager.

Can consider First Homes but currently no products available (criteria search, 23 Sep 2026). Criteria accept First Homes (min 30% discount, at least 50% of price funded by mortgage, S106 title restriction) but no products are currently offered (quote: The Society can consider applications under the First Home Scheme, currently no products available), so no achievable LTV. If products return, the affordable housing rule would apply: 95% of the discounted price with LTV limited to 80% of full value. Remortgage not stated.

Refer: S106 local occupancy restrictions considered to 90% LTV of the reduced (restricted) valuation with full S106 wording required; discount/resale-price schemes not named, interest-only not available on restricted properties.

Refer: England First Homes not named (the First Homes Mortgage product is Scotland-only). An England First Home sold as a discounted market sale may fit the Affordable Local Homes Mortgage: 'Borrow up to 95% of the property's discounted price' (LTV on discounted price), remortgage accepted, if the agreement has a Mortgagee in Possession Clause linked to locality or wage index.

No First Homes range in the 22 Sep 2026 product portfolio; residential products top out at 80%. FAQ still says 'minimum loan size of £30,000 for all Residential products, excluding First Homes which rises to £35,000', but the 22 Sep 2026 intermediary portfolio lists no First Homes range (residential max 80%). Scheme-specific LTV not published; general new-build max used: 'New build houses ... maximum 80% LTV'; new build flats not acceptable, existing flats 60% LTV; LTV basis not stated; remortgage not stated for First Homes. Confirm product availability with lender.

Criteria allow 95% but the only First Homes product (GFHS088) was withdrawn 16/09/2026; check product availability. Criteria entry 'First Homes England Scheme': 'Maximum LTV: 95% of the discounted purchase price' (LTV on discounted price); Authority to Proceed required; standard new-build limits apply (new build flats 90%, 1-bed flats 80%); remortgage accepted ('Subsequent purchases and remortgages of First Homes properties may be considered where lending is assessed against the discounted market value'). Dedicated product GFHS088 (95%) was withdrawn 16/09/2026 and no First Homes product is on the new-customer range at 23-Sep-2026, so check availability.

Criteria conflict: conveyancer instructions accept discounted purchases incl. First Homes, but new-build criteria decline S106 affordability restrictions; confirm with the lender. Scheme-specific LTV not published; general new-build max used: 'We lend up to 95% LTV on Residential new build houses in England and Wales (for first time buyers)', 'up to 90% LTV on Residential new flats'. Conveyancer S106 instructions (covering properties bought at a discount, 'including First Homes') apply to purchases and re-mortgages (remortgage accepted, general max 90%), need a mortgagee exclusion clause, 3-6 month cascade or first-sale-only restriction, and valuation at the restricted price (LTV on discounted price). CONFLICT: the same criteria also say 'We will not lend on any property that has a restricted occupancy clause i.e. 157 ... or 106 (relating to property affordability)' - confirm with lender.

No First Homes policy published; restrictive covenants are not acceptable if they affect resaleability, so contact Saffron; new-build houses 95% LTV, flats 75%.

No First Homes policy published; Section 106 agreements are 'considered' as occupancy restrictions (enhanced valuation), so refer; new-build houses and flats up to 95% LTV.

No First Homes policy; Section 106 cases considered depending on the S106 wording and LTV, so contact the Business Development Team.

No First Homes policy; Section 106 restrictions accepted/considered subject to individual criteria (S106 copy required), lender maximum 80% LTV, no shared ownership.

Most home buying schemes and most Section 106/restricted-sale properties considered by referral via My Broker Venue with full details, at a restricted maximum LTV; Help to Buy and shared equity not offered.

Not available: AIB (NI) lends only on properties in Northern Ireland, so English First Homes / S106 discounted sale homes are out of scope.

Not accepted: properties with occupancy restrictions or onerous restrictive covenants are unacceptable, which excludes S106 eligibility-restricted discounted homes.

Not accepted: the Bank will not lend where the property is subject to any restriction in occupancy, use or resale (shared ownership/shared equity/RTB also excluded).

No lending where a covenant restricts who a property may be sold to or for how much, which rules out First Homes.

Restrictive covenants on title not accepted, which excludes First Homes resale covenants.

Restrictions on selling price or on who can buy cannot be considered, which rules out First Homes.

Santander does not lend where the resale price is restricted to a percentage of open-market value and declines Low Cost Housing Restricted Resale Covenant applications, which covers First Homes.

First Homes is on TSB's unacceptable schemes list.

Properties with a pre-emption clause or S106 restriction are usually not acceptable (exceptions only for Right to Buy and shared ownership, where S106 must apply to the initial sale only).

Not accepted: Accord lists social housing schemes and properties with restrictions affecting resale value as unacceptable.

Not accepted: First Homes is a discount market sale and Aldermore lists the Discount Market Scheme as Not Acceptable (First Homes not named); S106 covenants only accepted for local living/working restrictions.

Not available: Central Trust does not offer purchase mortgages; remortgage of First Homes/discounted sale homes not published.

Not available: Coutts minimum loan for new clients exceeds £1.5m, above the First Homes price cap (£250k, £420k London); no scheme policy published.

Not accepted: properties with occupancy restrictions including Section 106 restrictions are listed as unacceptable security.

Not accepted: Discount Market Scheme listed as Not Acceptable and the Society does not lend on properties with a Section 106 restrictive covenant.

Not accepted: properties subject to restrictive covenants or occupancy restrictions are listed as unacceptable property.

Not accepted for purchase: affordable housing schemes not acceptable for residential home purchase plans; refinance of affordable housing accepted.

Section 106 resale restrictions not accepted (First Homes relies on one); no First Homes-specific policy published.

First Home Scheme not accepted.

First Homes Scheme not accepted.

First Homes Scheme not accepted.

No First Homes policy; any property subject to a planning, occupancy or resale restriction is usually not acceptable (only considered where a strong case shows saleability is unaffected).

Precise states First Homes Scheme products are not currently available.

No First Homes policy; TML requires even shared-ownership leases to have no re-sale or S106 restrictions and treats occupancy-restricted properties as unacceptable.

Vernon states it is unable to consider the First Homes scheme (and S106 restrictive covenants).

Vida lists Discounted Market Sales / Section 106 / Section 75 as not acceptable, which covers First Homes (an S106 discounted sale); no First Homes product.

Low cost housing/restricted resale covenant schemes are unacceptable security, which covers First Homes.

Not published: First Homes and discounted market sale not mentioned (schemes-not-accepted list covers Homebuy, Key Worker, shared equity and shared ownership only).

Not published: no First Homes, discounted market sale or S106 policy found (occupancy-restriction exclusion lists 11-month, age and student-only restrictions).

Not published: residential criteria do not mention First Homes, discounted market sale, S106 or resale restrictions.

Not published: no First Homes, discounted market sale or S106 policy found in intermediary criteria.

No First Homes policy published; criteria list Section 106 plots as an acceptable restriction, so confirm with lender.

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Not published (later-life lender; only onerous restrictive covenants such as agricultural ties are declined).

Not published (later-life lender).

Not published; restrictive covenant or occupancy restrictions considered case by case via BDM.

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Not published in current criteria A-Z or product guide.

Not published (shared ownership/shared equity/HomeBuy purchases not acceptable).

Not published: no First Homes policy found; England lending is limited to South East postcodes via Openwork ARs, houses only (no flats).

Not published for England's First Homes; its 'First Homes Fund' products are Scotland's separate equity scheme, not the English discounted-sale scheme.

Not published; Tandem is no longer accepting new first-charge applications, and its criteria do not mention First Homes or S106 (product not designed for shared ownership, Right to Buy or Help to Buy).

Not published: no First Homes, DMS or S106 policy in the lending criteria; new-build houses max 90% LTV, flats 85%.

Not published; the only S106 rule (shared ownership) requires any buy-back option to lapse within 3 months so the Society can sell at full market value, which a perpetual discount would not meet without a mortgagee exclusion.

Not published: no First Homes, DMS or S106 policy in UTB's residential criteria; new build accepted to max 85% LTV.

Not published: no First Homes, DMS or S106 policy in West One's residential criteria guide; new-build houses max 85% LTV, flats 75%.