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Receive up to £25,000 towards the purchase of your home

The Scottish Government’s First Home Fund is a shared equity scheme that helps first-time home buyers purchase a property that meets their needs and is located in the area they want to live.

The scheme will provide you with up to £25,000 towards the purchase of a home and can be used for both new build and existing properties. As this is a shared equity scheme, both you and the Scottish Government will hold an equity share in the property under a shared equity agreement. No monthly payments will apply.

The scheme is currently open for applications until 31 March 2021 and will provide £150 million of funding to first-time buyers. The scheme can be combined with a Help to Buy or Lifetime ISA.


There are no restrictions on the price of property you can buy and it is open to all first-time buyers in Scotland, including single and joint purchasers. You will need to take out a capital repayment mortgage and provide a deposit of 5%

How to Apply

We recommend that you speak to an Independent Financial Advisor or Mortgage Advisor before applying to the scheme. You must have an offer accepted (even if verbally) on an existing home or reserve a new-build property, before applying.

A £550 admin fee will apply but is refunded if your application is unsuccessful.

Working in partnership with CARA Mortgage Services