Housebuilders can now bid for a share of £150 million to support the roll-out of the latest government scheme aimed at helping first-time buyers on to the property market.

Developers can now bid for money through the scheme by offering plots for sale as First Homes, which offer a discount of at least 30% on the sale price to first-time buyers. The discount, unlike a similar incentive under the previous failed Starter Homes programme, remains in perpetuity for future first-time buyers of the property.

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