The First Home Fund is a new Scottish Government scheme to help first time buyers take their first step onto the housing ladder. The new fund will offer first time buyers up to £25,000 towards the purchase of their first property, until March 31st 2021.
In total the fund will have £150m to help first time buyers throughout Scotland turn their dream of owning a property into a reality. The government will have an equity share of the property, however the percentage share they take is calculated using the home report value.
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