First Homes

We are currently offering the First Homes scheme at the following developments:

FAQs

What is the First Homes scheme?

If you’re a first-time buyer, you may be able to buy a McDermott home for 30% to 50% less than its market value. The home must be your only or main residence. The home can be, a new home built by a developer, a home you buy through an estate agent, which someone else bought before through the scheme.

Who is eligible for the First Homes scheme?

Several factors are considered when determining eligibility for the First Homes scheme. These include:

To be 18 or older
Be a first-time buyer
Be able to get a mortgage for at least half the price of the home
Not earn more than £80,000 a year before tax (this is your income from the previous tax year)

If you’re buying with others:

You must all be first-time buyers
You must apply together, even if you’re not all getting a mortgage
Your joint income cannot be more than £80,000 a year before tax

Learn More

To find out more about how the First Homes scheme works, and availability at your chosen development, please visit us and talk to our Sales Executive.