>

First-time buyers in England, in particular key workers, will have the chance to buy homes within their local area for a discount under the government's First Home Scheme launched this month.

The scheme will offer selected new build properties (houses and flats) a discount to first-time buyers, between a 30% and 50%. This discount is 'for keeps' and must be applied to all subsequent purchasers.

Based on the current average price of a new build property here in the East of England, prospective purchasers could save £77,889 based on a 30% discount and £129,815 if a 50% discount is applied.

Local Authorities can define 'local connection' and are expected to prioritise key workers. There are limits on buyer income, maximum purchase price post discount and a minimum 50% mortgage will be required.

Great news, especially if you are a key worker looking for your own place to unwind and relax in after a long shift.

If a new build isn't your cup of tea and you are looking for a property with character or something to put your stamp on, then we have some great properties for sale.

Head to https://butlerresidential.co.uk/property-for-sale to see if anything catches your eye.