The Homes and Communities Agency has allocated £180m for housing projects to provide equity loans to first time buyers struggling to find a deposit for their purchase.
Under the scheme an equity loan of up to 20% of a home’s value is jointly funded by the HCA and the house builder, meaning the taxpayer’s contribution is matched by the private sector.
It is anticipated that the first new homes will be available for sale in September. There will be separate contracts for delivery in London.
Firms winning the contest include a mix of housing associations, major house builders and smaller local building firms.
Pat Ritchie, chief executive of the HCA, said: “Thanks to FirstBuy nearly 10,500 first time buyers will be able to realise the dream of owning their home, while house builders will benefit from an additional source of sales.
“We had an excellent response from our partners – including smaller local builders – and have been able to allocate funding that gives first time buyers the assistance they need while delivering real value for the taxpayer.
And when the homes are resold by the initial purchaser in the future, and the loan is repaid, the return can be available for reinvestment in more new affordable homes.”
The HCA received bids for FirstBuy funding from 124 house builders and housing associations, which were then assessed according to ability to deliver, mix of properties, standards and value for money.
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FirstBuy allocations by HCA area
Developer: Sales, HCA input £m
East and South East
Persimmon Homes 361 £6,770,530
Taylor Wimpey: 329 £5,639,008
BDW Trading: 257 £5,029,152
Kier Partnership Homes: 161 £2,611,773
Bovis Homes 140 £2,373,986
Berkeley 75 £1,719,649
Countryside (New homes division) 70 £1,442,284
Fairview New Homes 66 £964,686
Image Property Investments 36 £739,480
Galliford Try Homes ( Linden Homes) 37 £737,776
Bloor Homes 32 £569,567
Swan New Homes 40 £540,243
Hopkins Homes 24 £467,584
St James Group 20 £450,500
Knight Developments 20 £377,135
Redrow Homes 24 £375,579
Bellway plc 22 £364,617
Crest Nicholson (Operations) 20 £353,864
King Consultants and Meadow Dawn 20 £311,739
Badger Building (E. Anglia) 18 £291,790
Moat Housing Group 12 £246,100
Radian 9 £220,653
Jones Homes Southern 10 £206,658
Countryside (Regeneration( South) 9 £151,911
Downland Housing Association 6 £138,000
Morris Homes 6 £122,521
Genesis Housing Association 5 £91,605
Storey Property Developments . 4 £77,318
Southern Space 4 £68,714
The Miller Group 1 £29,128
Broadgate Homes 2 £26,250
London
BDW Trading 286 £6,205,037
Taylor Wimpey 119 £2,271,006
Fairview New Homes 103 £2,199,348
Bellway 70 £1,284,364
Berkeley 39 £1,068,415
Countryside (Regeneration South) 46 £930,835
Persimmon Homes 39 £890,848
Choices for Grahame Park 34 £776,484
Southern Home Ownership 22 £599,329
Spen Hill Regeneration 20 £533,738
Gallions Housing Association 27 £452,212
Home Group 20 £424,011
Notting Hill Home Ownership 20 £389,671
Genesis Housing Association 15 £354,440
Broomleigh Housing Association 19 £296,000
Swan New Homes 14 £221,845
Crest Nicholson (Operations) 10 £206,188
Willmott Dixon Homes 10 £177,650
Southern Space 7 £153,991
Galliford Try Homes (Linden Homes) 7 £150,888
Countryside(New home division) 6 £133,831
Knightspur Properties 3 £104,348
Lovell Partnerships 3 £59,043
Midlands
Persimmon Homes 495 £8,129,436
Taylor Wimpey 323 £4,667,853
BDW Trading 288 £4,480,528
Bloor Homes 146 £2,623,227
Bellway 127 £1,765,577
Bovis Homes 96 £1,513,993
The Miller Group 89 £1,215,143
Kier Partnership Homes 77 £1,031,342
Redrow Homes 61 £948,981
Morris Homes 47 £770,057
Keepmoat Homes 54 £657,860
Storey Property Developments 33 £513,674
Strata Homes 42 £492,077
Berkeley 22 £491,031
Lovell Partnerships 32 £401,152
Lagan Homes 20 £376,884
Martin Grant Homes 18 £347,596
Metropolitan Housing Trust 26 £338,185
W.N. Developments . 26 £336,807
Davidsons Developments 21 £327,549
Chestnut Homes 22 £300,768
WILLIAM DAVIS 17 £292,279
Country & Metropolitan Homes 20 £284,286
Peveril Homes 20 £279,000
Larkfleet 20 £272,535
Rippon Homes 20 £265,913
Shropshire Homes 20 £264,000
Galliford Try Homes (Linden Homes) 20 £246,668
Harron Homes 23 £244,782
Wates Living Space 15 £240,833
Hubert C. Leach 12 £240,000
Amber Residential Properties 20 £226,276
Broadgate Homes 18 £223,830
Radleigh Group 15 £208,789
Hill Residential 16 £203,252
Lioncourt Homes 14 £196,269
Gladedale (Lincoln) 15 £192,113
Central and Country Developments 15 £188,500
Catalyst Communities Housing Association 11 £180,081
Westleigh Developments 11 £148,806
Blueprint Partnership 10 £137,345
Knightspur Properties 4 £130,435
Crest Nicholson (Operations) 9 £126,142
Elan Homes 6 £77,626
Wainhomes (North West) 2 £24,433
North East, Yorkshire and The Humber
Persimmon Homes 428 £5,895,193
BDW Trading 250 £3,871,369
Bellway 134 £1,849,176
Keepmoat Homes 142 £1,545,467
Taylor Wimpey 116 £1,455,422
The Miller Group 105 £1,413,710
Strata Homes 101 £1,399,024
C M Yuill 62 £903,959
Dunelm Homes 66 £772,275
Redrow Homes 47 £765,131
Bovis Homes 39 £653,212
Gleeson Developments 55 £619,400
Galliford Try Homes (Linden Homes) 41 £601,713
Cyden Homes 22 £386,328
Orion Developments 22 £338,743
Shepherd Homes 20 £334,138
Skipton Properties 20 £326,207
Jones Homes Northern 20 £324,600
ISIS Waterside Regeneration 18 £316,691
Fulford Builders (York) 20 £314,286
Greenhouse (Leeds) 20 £281,111
Barwick Developments (Leeds) 20 £278,560
Gladedale (South Yorkshire) 20 £251,440
New Tyne West Development Company 20 £246,905
Housing Hartlepool 20 £233,324
Coast & Country Housing 20 £225,869
Gateway Plaza 19 £219,700
Gladedale (Sunderland) 20 £209,917
Zammitt Developments 10 £208,995
Cussins 11 £205,400
Peter Ward Homes 14 £176,000
ECF (General Partner) 15 £168,200
Britannia Developments 10 £167,495
P J Livesey Holdings 12 £155,808
Kier Partnership Homes 11 £128,640
Harron Homes 5 £77,982
Gladedale (Lincoln) 5 £59,385
SEDDON HOMES 3 £47,438
Lovell Partnerships 4 £45,069
Westleigh Developments 3 £40,485
Urban Splash Group 1 £10,950
North West
Persimmon Homes 352 £4,995,936
Redrow Homes 139 £1,899,395
Morris Homes 118 £1,880,071
Taylor Wimpey 128 £1,789,315
BDW Trading 120 £1,700,977
The Miller Group 110 £1,382,460
Bellway 54 £830,545
Keepmoat Homes 68 £824,392
Bovis Homes 47 £615,031
Gleeson Developments 43 £490,820
Countryside Properties (Northern) 41 £465,170
Helena Partnerships 26 £399,311
Dorbcrest Homes 20 £397,804
Lovell Partnerships 30 £393,849
P E Jones (Contractors) 25 £381,652
Brighouse Investments 20 £365,545
Rowland Homes 20 £320,760
Newfield Construction 18 £313,826
BASE Hattersley 32 £307,893
Infinity Albany 20 £293,087
Hollinwood Homes 20 £276,793
Bardsley Construction Group 20 £273,636
P J Livesey Holdings 20 £259,133
Victoria Mills Development 20 £255,000
Bloor Homes 15 £228,955
Urban Splash Group 8 £144,875
Harron Homes 13 £142,452
Wainhomes (North West) 8 £128,727
Compendium Regeneration 10 £118,092
Seddon Homes 7 £98,393
Gladedale (Lincoln) 5 £60,190
ISIS Waterside Regeneration 3 £46,527
South and South West
Persimmon Homes 439 £8,240,419
BDW Trading 230 £4,300,170
Taylor Wimpey 229 £3,894,719
Bovis Homes 166 £2,938,688
Bloor Homes 109 £1,883,116
Redrow Homes 101 £1,801,958
Galliford Try Homes ( Linden Homes) 104 £1,646,031
Berkeley 29 £626,738
Bellway 28 £475,633
The Miller Group 23 £457,621
Devonshire Homes 20 £327,333
Wainhomes South West 20 £318,929
K W Bell Group 20 £310,357
Mount Wise (Devon) 15 £285,240
Summerfield SD3 20 £243,815
Thomas Homes 20 £232,000
Knightspur Properties 12 £225,217
Crest Nicholson 15 £224,406
Radian 11 £219,333
Catalyst Communities Housing Association 11 £210,203
ZeroC Holdings 10 £158,000
Spectrum Housing Group 10 £154,000
Kier Partnership Homes 12 £147,411
Lioncourt Homes 6 £120,000
Elan Homes 6 £109,790
Downland Housing Association 7 £107,600
Southern Space 5 £84,922
Hill Residential 4 £62,857
Urban Splash Group 2 £56,000
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