In a new government initiative for 2017, first time buyers aged 23-40 could get on the property ladder with a new home discounted by 20 per cent on market value.

In a move announced in the Spring Statement 2016, the government’s £1.2 billion Starter Homes Land Fund will work in partnership with 30 local authorities – selected on the basis of their potential for early delivery – to build thousands of new homes for first time buyers.

These new developments will also support the wider growth and regeneration of local areas, including some town centre sites, and will ensure the right developments are being constructed in the right places, for the benefit of everyone in the UK.

Housing Minister, Gavin Barwell said: “This government is committed to building Starter Homes to help young, first time buyers get on the housing ladder.

“This first wave of partnerships shows the strong local interest to build thousands of Starter Homes on hundreds of brownfield sites in the coming years. One in three councils has expressed an interest to work with us so far.”

The £1.2 billion Starter Home Land Fund, in partnership with local authorities, has already identified suitable land for starter home developments at some 71 sites including: Plymouth, Bury, Basildon, Stockport, Bridgwater, Cinderford, Minehead, Bristol, Trafford, Isle of Wight, South Ribble and Swindon.