What Is the Scottish Government's First Homes Fund?

New support from the Scottish Government could make it more achievable for first-time buyers to get on the property ladder.

The First Homes Fund has been introduced to provide eligible buyers with financial support towards the purchase of a new home.

How Does The Scheme Work?

The First Homes Fund is a shared equity scheme designed to support first-time buyers in Scotland. The scheme provides a £10,000 interest free loan towards the purchase of your first property, of homes valued up to £300,000.

How Could It Help You?

Saving for a deposit, covering moving costs and all of the other associated costs with buying a home can make the purchase feel stressful and out of reach. However, The First Homes Fund could help by:

-Providing £10,000 towards the deposit of your new home

-Interest-free loan

-Helping buyers get onto the property ladder sooner

-Making home ownership more accessible

Combined with competitive mortgage rates, like those through Own New, and buying an energy-efficient new build home, this scheme could make your first purchase more affordable.

To find out more about the First Homes Fund and your eligibility, speak to our sales our sales team today and discover our developments.