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The property price caps in areas across England for the new Your First Home scheme have been revealed by the Government.
The scheme aims to give thousands of households in England a helping hand to take their first step on to the housing ladder.
Eligible buyers will be able to purchase a new-build home using a deposit of at least 2.5% of the purchase price, a repayment mortgage from a participating lender and a government equity loan worth 20% of the purchase price, interest-free for five years.
Some parts of the country have price caps as high as £650,000, including areas of central London, such as Westminster, Kensington and Chelsea and the City of London.
At the other end of the spectrum, the cap in North Lincolnshire will be £215,000, and in other areas, including Hartlepool, Middlesbrough and Redcar and Cleveland, it is £220,000, according to gov.uk.
The scheme is expected to open for applications in February, with the first sales in April.
Buyers will normally need to be a first-time buyer, buying a new-build home in England, within the relevant local price cap, use the property as their main home and have a total annual household income of £110,000 or less outside London, or £140,000 or less within London.
They must also be able to obtain a mortgage from a participating lender which will carry out affordability checks.
Aneisha Beveridge, Connells group research director, said: “The level at which the caps have been set should give would-be first-time buyers access to a choice of both flats and smaller houses in most areas, ensuring healthy take-up of the scheme.
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“While larger houses mostly sit above the price caps, this isn’t unreasonable for a scheme designed to support first-time buyers.
“In the short term, these figures show what existing stock can likely be sold using Your First Home, but longer term, the caps will start to shape what homes housebuilders decide to deliver.
“The new price caps may also help breathe life back into the flat market, by encouraging more first-time buyers to consider apartments in order to benefit from the interest-free equity loan.”
Property price caps are being applied in each area to ensure the scheme supports access to modest homes, recognising that markets vary across England, according to the gov.uk website.
Here are the Your First Home property price cap levels:
Adur, £420,000Amber Valley, £290,000Arun, £405,000Ashfield, £275,000Ashford, £435,000Babergh, £355,000Barking and Dagenham, £500,000Barnet, £500,000Barnsley, £245,000Basildon, £460,000Basingstoke and Deane, £425,000Bassetlaw, £245,000Bath and North East Somerset, £400,000Bedford, £410,000Bexley, £500,000Birmingham, £315,000Blaby, £335,000Blackburn with Darwen, £275,000Blackpool, £235,000Bolsover, £240,000Bolton, £300,000Boston, £235,000Bournemouth, Christchurch and Poole, £315,000Bracknell Forest, £500,000Bradford, £265,000Braintree, £435,000Breckland, £310,000Brent, £500,000Brentwood, £385,000Brighton and Hove, £415,000Bristol, City of, £325,000Broadland, £345,000Bromley, £500,000Bromsgrove, £365,000Broxbourne, £530,000Broxtowe, £285,000Buckinghamshire, £430,000Burnley, £230,000Bury, £340,000Calderdale, £275,000Cambridge, £505,000Camden, £650,000Cannock Chase, £290,000Canterbury, £405,000Castle Point, £365,000Central Bedfordshire, £440,000Charnwood, £325,000Chelmsford, £410,000Cheltenham, £325,000Cherwell, £420,000Cheshire East, £310,000Cheshire West and Chester, £295,000Chesterfield, £255,000Chichester, £405,000Chorley, £300,000City of London, £650,000Colchester, £385,000Cornwall, £310,000Cotswold, £395,000County Durham, £220,000Coventry, £305,000Crawley, £330,000Croydon, £500,000Cumberland, £220,000Dacorum, £380,000Darlington, £240,000Dartford, £365,000Derby, £290,000Derbyshire Dales, £295,000Doncaster, £240,000Dorset, £355,000Dover, £350,000Dudley, £295,000Ealing, £500,000East Cambridgeshire, £370,000East Devon, £325,000East Hampshire, £425,000East Hertfordshire, £470,000East Lindsey, £230,000East Riding of Yorkshire, £265,000East Staffordshire, £260,000East Suffolk, £315,000Eastbourne, £310,000Eastleigh, £425,000Elmbridge, £490,000Enfield, £500,000Epping Forest, £470,000Epsom and Ewell, £480,000Erewash, £245,000Exeter, £370,000Fareham, £415,000Fenland, £280,000Folkestone and Hythe, £340,000Forest of Dean, £300,000Fylde, £275,000Gateshead, £240,000Gedling, £295,000Gloucester, £325,000Gosport, £225,000Gravesham, £420,000Great Yarmouth, £280,000Greenwich, £650,000Guildford, £505,000Hackney, £650,000Halton, £305,000Hammersmith and Fulham, £650,000Harborough, £325,000Haringey, £500,000Harlow, £370,000Harrow, £500,000Hart, £445,000Hartlepool, £220,000Hastings, £375,000Havant, £380,000Havering, £500,000Herefordshire, County of, £310,000Hertsmere, £460,000High Peak, £285,000Hillingdon, £500,000Hinckley and Bosworth, £305,000Horsham, £450,000Hounslow, £500,000Huntingdonshire, £410,000Hyndburn, £240,000Ipswich, £315,000Isle of Wight, £260,000Isles of Scilly, £310,000Islington, £650,000Kensington and Chelsea, £650,000King’s Lynn and West Norfolk, £320,000Kingston upon Hull, City of, £230,000Kingston upon Thames, £500,000Kirklees, £285,000Knowsley, £285,000Lambeth, £650,000Lancaster, £285,000Leeds, £305,000Leicester, £340,000Lewes, £405,000Lewisham, £650,000Lichfield, £310,000Lincoln, £270,000Liverpool, £235,000Luton, £365,000Maidstone, £415,000Maldon, £390,000Malvern Hills, £330,000Manchester, £355,000Mansfield, £270,000Medway, £420,000Melton, £300,000Merton, £500,000Mid Devon, £320,000Mid Suffolk, £350,000Mid Sussex, £460,000Middlesbrough, £220,000Milton Keynes, £440,000Mole Valley, £330,000New Forest, £330,000Newark and Sherwood, £275,000Newcastle upon Tyne, £265,000Newcastle-under-Lyme, £265,000Newham, £650,000North Devon, £320,000North East Derbyshire, £285,000North East Lincolnshire, £230,000North Hertfordshire, £465,000North Kesteven, £270,000North Lincolnshire, £215,000North Norfolk, £285,000North Northamptonshire, £325,000North Somerset, £350,000North Tyneside, £270,000North Warwickshire, £315,000North West Leicestershire, £320,000North Yorkshire, £290,000Northumberland, £225,000Norwich, £260,000Nottingham, £300,000Nuneaton and Bedworth, £315,000Oadby and Wigston, £400,000Oldham, £300,000Oxford, £415,000Pendle, £250,000Peterborough, £315,000Plymouth, £265,000Portsmouth, £340,000Preston, £280,000Reading, £375,000Redbridge, £500,000Redcar and Cleveland, £220,000Redditch, £330,000Reigate and Banstead, £445,000Ribble Valley, £280,000Richmond upon Thames, £500,000Rochdale, £275,000Rochford, £435,000Rossendale, £270,000Rother, £390,000Rotherham, £285,000Rugby, £370,000Runnymede, £430,000Rushcliffe, £355,000Rushmoor, £365,000Rutland, £310,000Salford, £305,000Sandwell, £280,000Sefton, £290,000Sevenoaks, £465,000Sheffield, £260,000Shropshire, £305,000Slough, £395,000Solihull, £310,000Somerset, £315,000South Cambridgeshire, £455,000South Derbyshire, £295,000South Gloucestershire, £385,000South Hams, £345,000South Holland, £255,000South Kesteven, £290,000South Norfolk, £350,000South Oxfordshire, £450,000South Ribble, £265,000South Staffordshire, £300,000South Tyneside, £230,000Southampton, £245,000Southend-on-Sea, £320,000Southwark, £650,000Spelthorne, £375,000St Albans, £515,000St Helens, £270,000Stafford, £295,000Staffordshire Moorlands, £250,000Stevenage, £450,000Stockport, £305,000Stockton-on-Tees, £235,000Stoke-on-Trent, £245,000Stratford-on-Avon, £340,000Stroud, £355,000Sunderland, £235,000Surrey Heath, £385,000Sutton, £500,000Swale, £410,000Swindon, £375,000Tameside, £310,000Tamworth, £300,000Tandridge, £470,000Teignbridge, £340,000Telford and Wrekin, £285,000Tendring, £365,000Test Valley, £365,000Tewkesbury, £350,000Thanet, £350,000Three Rivers, £440,000Thurrock, £350,000Tonbridge and Malling, £435,000Torbay, £325,000Torridge, £290,000Tower Hamlets, £650,000Trafford, £285,000Tunbridge Wells, £445,000Uttlesford, £475,000Vale of White Horse, £415,000Wakefield, £260,000Walsall, £290,000Waltham Forest, £500,000Wandsworth, £650,000Warrington, £360,000Warwick, £390,000Watford, £420,000Waverley, £460,000Wealden, £400,000Welwyn Hatfield, £385,000West Berkshire, £430,000West Devon, £315,000West Lancashire, £275,000West Lindsey, £250,000West Northamptonshire, £355,000West Oxfordshire, £390,000West Suffolk, £380,000Westminster, £650,000Westmorland and Furness, £275,000Wigan, £270,000Wiltshire, £350,000Winchester, £420,000Windsor and Maidenhead, £415,000Wirral, £255,000Woking, £345,000Wokingham, £485,000Wolverhampton, £290,000Worcester, £305,000Worthing, £300,000Wychavon, £295,000Wyre, £255,000Wyre Forest, £295,000York, £370,000
