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.

First Home Fund

First Home Fund

At present there are no restricts or limitations on who can apply for the First Home Fund, in fact both new and existing properties can be purchased using the scheme.

The banks which currently offer mortgages using the scheme are:

  • Bank of Scotland
  • Barclays
  • Glasgow Credit Union
  • Halifax
  • Leeds Building Society
  • Nationwide
  • Scottish Building Society
  • Scotwest Credit Union
  • TSB

Take you First Step Onto The

Property Ladder

Our mortgage advisers have years of experience helping first time buyers realise their dream of owning their own home.

Mortgage Advice Scotland

Apply For A First Home Fund Today

If you would like more information about how the First Home Fund could help you then call us today on 0800 112 3690 or complete our online contact form below.

We will arrange a meeting to discuss your circumstances and assess your best options. Our advisers are highly experienced and the process is smooth.

You are under no obligation to take any advice offered and you won’t be charged a penny by ourselves at any stage.

Let’s chat and find out your options today.

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