Specialist lender Pepper Money has launched a dedicated proposition to support the First Homes scheme.
The government scheme offers new build properties for a discount of at least 30% on the open market value.
Local authorities also have the discretion to set discounts of either 40% or 50% through local planning policy.
Pepper Money says the scheme has until now only been supported by mainstream lenders and claims it is the first specialist lender to sign up.
The company’s sales director Paul Adams says: “At Pepper Money, we have a clear purpose, to deliver positive societal outcomes and promote greater financial inclusion to a more diverse range of customers.
“Our Affordable Home Ownership proposition plays a vital role in this, and we are committed to helping even more hopeful homeowners to achieve their dreams.”
He adds that while people are finding it harder to get onto the property ladder due to the rising cost of living, schemes like First Homes ‘make it more achievable’.
