The Rentplus response to the Government’s First Homes Consultation

Apr 30, 2020
First Homes will remain inaccessible to a large part of the population. Those who can afford First Homes will likely be those who can already save or rely on family support. It will further help the ‘haves’ but not the ‘have-nots’.


Whilst First Homes will lower the deposit required to access homeownership, for the majority of families on ordinary incomes who are struggling to save anything at all, the scheme will not help them to ‘level up’.

To truly ‘level up’ we need to broaden the reach of home ownership to those who do not fall into this category. The inability to save for a deposit needs to be addressed, not just lowering the deposit itself.

Coronavirus is likely to exacerbate this problem, with many of those who did have savings being forced to dip into them.

Back to top

This site uses cookies to improve your experience.

We use cookies to personalise content and to analyse our traffic. We also share information about your use of our site with our analytics partners. View our cookies page.

Cookie Preferences

  • How much does a website cost?


    These cookies allow the website to remember choices you make and provide enhanced, more personal features. The information these cookies collect may be anonymized and they cannot track your browsing activity on other websites.

  • Optional cookies

    We'd like to set Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. For more information on how these cookies work please see our cookies policy. The cookies collect information in an anonymous form.