Skip to main content

Helping Londoners and UK buyers get a new-build home

Posted on 06 February 2018

We are delighted to be part of the Mayor of London’s “First Dibs” initiative, reserving London’s new build homes priced up to £350,000 for UK buyers for first three months. Londoners will also be given priority for the first month the home is on the market.

Working with the Mayor of London, Hyde has joined members of the Home Builders Federation, the g15 (which represents London’s largest housing associations) and private housebuilders such as Berkeley Homes to restrict sales before they are marketed overseas.

This is the first time ever sales have been restricted to UK and London buyers.

The Mayor of London, Sadiq Khan, said: 'I am determined we take meaningful steps to help Londoners buy more new homes they can afford, and the offer from across the housing industry will mean we can move quickly to make this a reality for our city.'

He added: 'The industry offer is an important breakthrough – I will now work with them to put it into practice, whilst also being clear we need the government to help us go further, for instance by guaranteeing extended mortgage offers to put London's first-time buyers on a level playing field with investors.'

Elaine Bailey, Hyde Chief Executive said: 'We are delighted to be part of this fantastic initiative to help people in London and the UK buy a home in the capital. We are committed to working in partnership to help solve the housing shortage in London and this initiative is a fine example of this in practice.'