03/11/2026
🏡 THE FIGURES ARE IN! 🔑
We've got some exciting news for aspiring homeowners across the South West!
Following last week's announcement of the Government's new Your First Home scheme, the local property price caps have now been confirmed, giving first-time buyers a clearer picture of what they could afford.
Here's how the new limits apply to areas where we're building:
📍 Bellevue, Bude – £310,000
📍 Equinox III, East Devon – £325,000
📍 Elm Park, Teignbridge – £340,000
📍 Centenary Heights, Somerset – £315,000
📍 Bickington Park, Barnstaple - £320,000
And with deposits starting from just 2.5%, that means an eligible first-time buyer purchasing a £310,000 home could need a deposit of just £7,750, supported by a Government-backed equity loan.
It's an exciting step forward for those dreaming of owning their first home, and we're looking forward to sharing more information about qualifying homes at our developments as details become available.
🔑 Could 2027 be the year you get your first set of keys?
Find out more about the scheme and what it could mean for you 👇
https://www.cavannahomes.co.uk/your-first-home/
Eligibility criteria apply. Local price caps do not guarantee that individual homes will qualify.