There is no automatic 50% discount for first-time buyers in the UK. However, some schemes offer reduced purchase prices. The First Homes scheme provides eligible buyers with at least a 30% discount on selected new-build homes, and in some local authority areas this can increase to 40% or 50%. Availability depends on location, income limits and property eligibility.
First-time buyers may also benefit from Stamp Duty relief, reducing upfront tax costs, but this is not a flat percentage discount. Shared Ownership allows buyers to purchase a share of a property and pay rent on the remaining portion.
Most support is through deposit flexibility and tax relief rather than direct price reductions.
Your home may be repossessed if you do not keep up repayments on your mortgage.