First Time Buyer

First Time Buyer Initiative - English Partnership

The First Time Buyers’ Initiative (FTBi) is a shared equity product where you would purchase a minimum equity share of 50%. It is available in certain areas – please ask for more detail.

Your equity share equates to 3 or 3.5 times your income and buyers cannot choose to buy a lower percentage share. You may acquire more equity in minimum purchases of 10%.

You pay charges to English Partnerships on the unpurchased equity – the part of your home that you don’t own - nothing for the first three years which then increases from 1% in year four to 3% in year six.

Who is this scheme for?
* Lower-middle income group
* Maximum household incomes of £60,000 per annum
* Stable income households with growth prospects
* Not current home owners
* Those currently living in rented accommodation or temporary housing

First Time Buyers Guide - Information (opens in a new window)

Please look at the property seach page to see what is available on FTBI.

New schemes are starting all over manchester and lancashire

Countryside's New Broughton Quarter - New Broughton - NEW

Countryside's Sportcity - New East Manchester - NEW

Urban Splash's Sylvia Tower - Manchester -NEW

LPC' s Hulton Square - Salford - NEW

Taylor Wimpey's - The Orchard - Blackburn -NEW

Lowry Homes - The Maine Place - NEW