News Article

Your New Home Could Be Available With Only a 5% Deposit with Help To Buy (Scotland) Affordable New Build Scheme. 

The Government Help To Buy (Scotland) Affordable New Build Scheme is available to help buyers who would not otherwise be able to buy an affordable new home from a participating builder.

The scheme is only available on new build homes up to a maximum value of £200,000 for purchases on or before March 2022.

Your Mortgage Lender is likely to require you to contribute a deposit of around 5%, your mortgage and deposit must cover a combined minimum 85% of the total purchase price. The Government will hold the remaining share under a shared equity agreement which it will enter into with you.

Your mortgage from one of the participating lenders must be a repayment mortgage of at least 25% and cannot be an interest only mortgage.

The Scottish Government will help buyers to purchase the property by taking an equity stake of up to a maximum 15% of the value of the property.

No annual interest is charged on your equity stake, which can be repaid at any time and is based on the value of the property at the time of repayment.

The scheme is only available to those who are unable to afford to purchase the property without the Government purchasing an equity share in the property: if you are able to afford  over  100% of the purchase price through a combination of available mortgage and deposit, your application will not be eligible.

The scheme is not available to a single person who requires a mortgage of more than 4.5 times their income or couples that require a mortgage of more than 3.5 times their joint income.

There are currently 9 participating lenders offering mortgages for the Help To Buy (Scotland) Affordable New Build Scheme, please check the Government website for further contact details.  

Our Sales Team will be happy to refer you, so don’t forget to ask for more information.

Limited funding is available so ask now for more information.

Frequently Asked Questions


How can we find out more about the scheme?

Firstly go to Which will provide you with important information on how the scheme operates, including the Help To Buy (Scotland) Affordable New Build Information for buyers leaflet.


Should I talk to our Mortgage Lender?

Find a participating lender offering mortgages for the Help To Buy (Scotland) Affordable New Build Scheme to check what their requirements are before you submit an application form to one of the agents administering the scheme on behalf of the Scottish Government.


When would be the right time to apply?

You cannot submit an application form more than 9 months before the anticipated completion date. Talk to your builder who will be able to guide you on this.


Would we then be able to submit a mortgage application?

No, not until you have received an “Authority  To Proceed” from one of the administering agents (see Government website) informing you that your application is eligible to participate in the scheme.


We just found a house we love and the property will be ready soon.  Is it too late to apply?

Your application should be made no later than 3 months in advance of the completion date to allow the necessary paperwork to be completed.


How can we be sure that this help will be available to us?

The scheme is a demand-led scheme and once its budget is fully allocated no further applications can be considered.


And there is no annual interest on your equity stake?

You won’t be charged loan fees on the loan for the first 5 years of owning your new home.   


Is the scheme just for First Time Buyers?

No, the scheme is available to all Homebuyers, not just first time purchasers.


Is Help To Buy a Shared Ownership Scheme?

No, with the Help To Buy Equity Loan you purchase and legally own a 100% of your new home, however, there will be a “standard security” on the house to make sure the Scottish Government’s scheme is protected.


Are we able to repay the Equity Loan before the end of the first 5 years?

Yes, you can. Based on the market value you can make part or full repayment, based on the market value at that time.


What happens if we decide to sell?

Post sale information is available on the Government website including selling your home, adding or removing a name on the Shared Equity Agreement, remortgaging and further important advice.

Enquire today to find out more about Help to Buy for your new build property

To arrange a convenient time to speak with a member of our team, please call our team on 0845 257 2290 or make an online inquiry below.

Call us today or simply complete an inquiry form online to find how we can help you today.