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First Time Buyers Package
Offering local homes for local people
Introducing our
First Homes.
Pennyfarthing is offering a range of new homes at our developments at a substantial 30% discount against their market value through the Local Council’s First Homes. Coming soon to Potters Wood Phase 3 and Oakwood Grove, Alderholt.
As a family run business, Pennyfarthing believe everyone should have the opportunity to own their own home. We understand that taking that step onto the property ladder can be a big one, especially as a first-time buyer or key worker.
Under the Government’s First Homes, Pennyfarthing is offering a range of homes at a discount of 30% below their market value*. This initiative is aimed to help local first-time buyers and key workers own their own home in the area they live or work.
What’s more, these discounts will apply to the home forever, meaning that generations of new buyers and the local community will continue to benefit every time the property is sold.
Pennyfarthing Homes is delighted to be the first developer to provide First Homes in the New Forest and Dorset Areas.
Coming soon to Potters Wood Phase 3 and Oakwood Grove, Alderholt.
What is the aim of first homes?
Getting first-time buyers on the housing ladder and helping people to own their own home in the place where they live or work. This also includes ‘key workers’ including teachers, nurses, the police and firefighters. Serving members of the armed forces and veterans will also take priority.
Do I qualify?
To qualify you must be local, a first-time buyer and/or a key worker. If buying as a couple, neither partner can have previously owned a home.
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Is it a genuine discount?
Yes, this offer is in partnership with Local Councils and His Majesty’s Government.
Since the Help to Buy loan scheme ended on the 31st October 2022, the First Homes initiative is a great alternative route to owning your first home in the area you live.
Where can I get more information?
More information is available on the GOV.UK website, First Homes.
How long will the process take?
We’ll ensure the process is as simple and quick as possible, but application processing time may vary. For more information please contact our Sales Advisers.
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What is the First Homes criteria?
- Purchasers must have a household income not exceeding £80,000.*
- After the discount (30%*) has been applied, the first sale of the property must be at a price no higher than £250,000.
- The property should be the buyer’s only home and a purchaser will need to use a mortgage or home purchase plan for at least 50% of the purchase price.
- If you decide to sell the property, the home will be independently valued, and the First Homes discount will be re-applied to this new value for the next owner.
- Property must be your first home.*
- Local connections and/or key worker status as determined by New Forest District Council. Please speak to a Sales Adviser to check your eligibility.
*First Homes criteria indicative and subject to change. We are working in partnership with New Forest District Council to confirm eligibility criteria. Please speak to a Sales Adviser for more information.
Who can apply?
First Homes will be offered on a limited number of plots at our newest development in Fordingbridge: Whitsbury Green. First Homes does not have an application deadline and is open to eligible applicants whenever the plots become available. You will then apply to have your eligibility confirmed when you are ready to reserve a plot under the initiative.
Which plots are available?
Which plots at Whitsbury Green are available under this initiative?
We have set aside a limited number of two bedroom homes, called The Setwood for First Homes buyers. This desirable design features an open-plan Living/Dining/Kitchen area, large double bedrooms and the excellent finish you would expect from a Pennyfarthing home.
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What Our Customers Say...
A company that goes to great lengths to help its customers.
I just wanted to thank the site manager for all his help in getting our kitchen door replaced. He went to great lengths in contacting the supplier and sending photos (twice) to ensure that this replacement door that was a good match.
Mr Forster
Pennyfarthing Homes Homeowner
Excellent customer service!
The site manager came to see me yesterday. Made a note of the outstanding issues and told me he would be in touch today. True to his word he called me first thing and by 11 am he fixed two items and the final item is booked in for next Thursday. This is customer service!
Vicki
Pennyfarthing Homes Homeowner
A lovely home that could not be bettered… Family and friends agree.
Any difficulties have been satisfactory resolved, with a special mention for Jackie and the site manager who have been fantastic.
Mr & Mrs Gallacher
Pennyfarthing Homes Homeowner
We are really grateful and very impressed with the care and attention Pennyfarthing Homes has provided at every stage of the process of acquiring the lovely new home Pennyfarthing have built for us. We could not have asked for a nicer experience and you are all to be congratulated.
Mr Leavesley
Pennyfarthing Homes Homeowner
We like the overall combination of building style, quality and layout. The particular property we are in has needed to be done in a sympathetic manner to its surroundings. This we think has been achieved successfully.
The higher than normal ceiling height relative to most new builds has also been very noticeable.
The handover manual supplied with the home is more comprehensive than others we have experienced.
Mr & Mrs Burden
Pennyfarthing Homes Homeowner
Compared to the large national house builders, the specification of Pennyfarthing homes is lovely, my home is designed well, is spacious, has plenty of storage and the site as a whole is really attractive and well located. ‘Home’ is really important to me and I feel very fortunate to have found this one.
Potters Wood Resident
Pennyfarthing Homes Homeowner