First time buyers' initiative
The First Time Buyersâ€� Initiative (FTBI) aimed to make more affordable homes available to first Âtime buyers priced out of the housing market.
Applies to England
Documents
Details
This scheme is now closed for applications, but you can find other home ownership schemes on .
The First Time Buyersâ€� Initiative (FTBI) aimed to make more affordable homes available to first Âtime buyers priced out of the housing market. It was part of the government’s HomeBuy low Âcost home ownership initiative, and was available in England through Local HomeBuy Agents. FTBI is delivered as part of HomeBuy by the Homes and Communities Agency.
Scheme fees and charges
- Redemption (repaying your loan): £200
- Staircase: £200
- Remortgage: £50
- Sublet: £50
- Home improvements: £50
- Transfer of Equity (change of ownership): £50