First Homes scheme: first-time buyer's guide
Owning the property
Once you’ve bought the home, you no longer have to meet First Homes eligibility criteria. You do not have to sell your home, for example, if your income increases or you’re not a key worker any more.
If you fail to make mortgage payments
Your mortgage lender may take legal action to get their money. For example, they could repossess the home.
Leaving a property as inheritance
You can leave your home to someone in your will. They’ll need to follow First Homes rules on lettings and the home must be their only or main residence. If they cannot follow these rules, they might need to sell the property.