Guidance

First time buyers' initiative

The First Time Buyers’ Initiative (FTBI) aimed to make more affordable homes available to first ­time buyers priced out of the housing market.

From:
Homes and Communities Agency
Published
1 January 2006

This publication was withdrawn on

This scheme is now closed for applications, but you can read about other Affordable home ownership schemes.

Applies to England

Documents

First time buyers' initiative: buyers' guide (accessible version)

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First time buyers' initiative: buyers' guide

PDF, 330 KB, 23 pages

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Details

This scheme is now closed for applications, but you can find other home ownership schemes on Own Your Home.

The First Time Buyers’ Initiative (FTBI) aimed to make more affordable homes available to first ­time buyers priced out of the housing market. It was part of the government’s HomeBuy low ­cost 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

Updates to this page

Published 1 January 2006

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