Secretary of State visits Vistry Partnerships First Homes scheme in Cannock
The Secretary of State for Housing, Communities and Local Government Robert Jenrick visited one of our Midlands developments last week, where we’re building First Homes – a new housing tenure designed to help local first time buyers and key workers onto the property ladder.
The ten First Homes are under construction in Bridgtown, Cannock, where we’re working in partnership with Cannock Chase Council to bring forward a wider development of 116 homes.
Vistry Partnerships is one of the first developers to be taking part in the Government’s First Homes pilot, which launched in May 2021.
First Homes is a new scheme which offers homes at a discount of 30% compared to the market price. In some areas the discount could be as high as 50%, providing even greater savings. The discounts will apply to the homes in perpetuity, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.
Robert Jenrick, Secretary of State for Housing, Communities and Local Government said:
“Enabling more people to buy their own home is at the heart of the mission of this Government, and First Homes will offer a realistic and affordable route into home ownership for even more people who want to own their own home.
I am delighted to come to Cannock to see the new First Homes as they go onto the market. Offering more local people and families a route into home ownership where they already live while also supporting key workers by giving many of them a chance to buy a home at a 30% discount.”
Stephen Teagle, Chief Executive of Vistry Partnerships, added:
“We’re keen to support the Government’s housing targets and we are currently working towards our own ambitious target of delivering 6000 mixed-tenure homes by the end of 2022, working with housing providers and local authorities nationwide to get more affordable homes built at scale, and new tenures such as First Homes will help to contribute to that.
I would like to say a massive thank you and congratulations to everyone involved in making the visit such a big success – well done”