First Time Buyers’ initiative

The Homes and Communities Agency's First Time Buyers’ initiative (FTBi) is a shared equity product which allows you to purchase a minimum equity share of 50%. All plots are currently reserved but these sales may not necessarily complete – please enquire for more details.

About the scheme

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

Who is this scheme for?

• Maximum household incomes of £60,000 per annum
• Stable income households with growth prospects
• Those currently living in rented accommodation or temporary housing (not current home owners)

Please look at the property search page to see what is available on FTBi.

Download the FTBI brochure for all you need to know!