The Starter Home Initiative was created with the aim of "unlocking home ownership for a generation", according to David Cameron at the time it was announced. It aims to make 100,000 new build homes available for first time buyers under the age of forty with a discount of at least 20% of the property value.
20% off the purchase price of a property does sound like a great incentive but how would this work in practice? Richard Wootton Senior Partner of the firm discusses the scheme with his assistant Olivia Harrill aged 25 and a potential first time buyer:-
