What is the First Homes Scheme | A Complete Guide

The First Homes Scheme represents a significant policy intervention by the UK government, designed to alleviate some of the long-standing pressures that have beset the housing market, particularly for those attempting to access it for the first time. Launched officially in 2021, the scheme was conceived as part of a broader strategy to tackle the affordability crisis that has increasingly become a barrier for first-time buyers looking to establish a foothold in the property market. Its establishment underscores the importance placed on homeownership as a means to achieving financial security and stability for individuals and families across the UK.