Home ownership

First Time Buyers Scheme

The First Time Buyers Scheme is an opportunity for Hillingdon residents to become homeowners.

Following a high level of applications, the process for the First Time Buyers Scheme has now closed for 2019.

We are offering the scheme exclusively to first-time buyers who have lived in Hillingdon for the last 10 years and have funds to pay a minimum 7.5% deposit. The council tops up your deposit with a grant to assist applicants purchasing a home suitable for their needs, in an area of their choice within Hillingdon. Funding is limited and applications are processed on a first come first served basis.

The scheme caps the house purchase price at £300,000, with a maximum grant payable to you of £22,500.

You should not over-stretch yourself by borrowing too much money. As a guide your mortgage should be no more than 3.5 times your annual income minus outgoings for other debts you may have. 

Do I qualify?

You qualify for the First Time Buyers Scheme if you:

  • have lived in the borough for 10 years
  • have funds to pay a minimum 7.5% deposit of the purchase price of the property from own savings
  • are working, but cannot access the housing market

You also:

  • must not be a priority for existing government Low Cost Home Ownership (LCHO) schemes, for example, council or social housing tenants; keyworkers, however, are eligible
  • must not have a joint annual household income that exceeds £70,000

What other conditions apply?

  • If you sell your property within three years you will have to pay back the grant. A charge will be placed for this amount on your property for three years
  • The home you buy must be your principal residence and cannot be sublet
  • First Time Buyers terms and conditions [78KB]

What if I don't qualify for this scheme?

There are other low cost homeownership schemes available. Visit the Mayor of London's website Homes for Londoners, to find an affordable home to meet your needs.

If you have not already done so, please see our shared ownership pages. Alternatively you can explore the government's Help to Buy scheme.

Page last updated: 06 Sep 2019