First Time Home Buyer Scheme Scotland

The affordable new build scheme available to larger homebuilders and the smaller developers new build scheme for smaller home builders and is available through.

First time home buyer scheme scotland. The first home fund is a 200 million shared equity pilot scheme to provide first time buyers with up to 25 000 to help them buy a property that meets their needs and is located in the area where they want to live. Help to buy scotland is a shared equity scheme aimed at helping both first time buyers and home movers buy their new build home. It is open to all first time buyers in scotland and can be used to help buy both new build and existing properties. The first home fund allows buyers with a 5 deposit to benefit from an interest free equity loan of up to 25 000.

First time buyers will be able to apply for up to 25 000 to help them buy a property. The scottish government has pledged 150m of funding for a pilot of its new scheme for first time buyers. In spring 2019 nicola sturgeon announced a new 150 million national pilot scheme called the first home fund to help first time buyers get on the property ladder in scotland. The scheme opened for applications on 18th december 2019.

This sum can cover up to 49 of the value of the home. This scheme will provide loans to help at least 6 000 first time buyers purchase a property in scotland. The pilot scheme will be open to all first time buyers in scotland and can be used to help buy both new.