English Partnerships have announced that they will develop 700 new homes specifically for the first time buyer market, using it's specialised first time buyer initiative.

The news homes will be spread over a total of 18 new housing developments, as part of an overall development plan to produce a total of 1500 new first time buyer homes by the end of the decade.

The homes will be made available via the governments Home Buy scheme, the properties will be built in partnership with Barrats, George Wimpy and Bellway Homes.

Under the government's shared ownership scheme a home buyer must purchase a minimum of a 50% share in their new home, the remainder of the property will be covered by an appropriate housing authority who will charge manageable levels of rent.