First Homes Fund - Scotland

 

The First Homes Fund is a fantastic Scottish Government initiative exclusively designed to make homeownership affordable and accessible to first time buyers.

If you have never owned a house before and are looking to make it onto the property ladder, this could be the ideal scheme for you to take advantage of!

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What is the First Homes Fund?

The First Homes Fund launched on Wednesday 24th June 2026 and offers first time buyers in Scotland, help towards the cost of their first home. First time buyers can access an interest free contribution, of up to £10,000, towards a home worth up to £300,000, giving you a real boost onto the property ladder. This shared equity scheme means the government takes a stake in your home, but you still own 100% giving you the freedom and security of full homeownership.

  • Get up to £10,000 towards your new home

  • Available on homes up to £300,000

  • No interest to pay

  • You can use a 'Help to buy ISA' or a 'Lifetime ISA' towards your deposit

 

Equity stake example:

The Scottish Government’s equity stake is calculated as a % of the purchase price or valuation, whichever is lowest. 

  • Valuation and Purchase Price: £100,000
  • Scottish Government contribution: £10,000 (10%) 
  • Buyer sells in future on open market: £150,000 
  • Scottish Government receives: £15,000 (10%) 

To find our more about the scheme and for further information visit: Scottish Government Website

 

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Developments taking part

The First Homes Fund is available on selected plots and developments:

First Homes Fund eligibility criteria

 

Those wanting to apply for the First Homes Fund will need to meet the below criteria:

You can apply if:

  • you have never owned a home, either on your own or jointly.

  • are taking out a capital repayment mortgage of at least 25% of the buying price (or valuation, whichever is the lower)

  • are buying the property as your main and only home in Scotland 

You cannot apply if:

  • you are using part exchange

  • purchasing with cash

  • have owned a home, either on your own or jointly.

  • are buying to rent out

  • have a current application on another Scottish Government shared equity scheme

Terms and conditions

Available on selected plots and developments only. To find out more about First Homes Fund, speak to your Sales Advisor.

Read more about First Homes Fund on the Scottish Government’s website here and read the First Homes Fund supporting information here.

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