Leading independent housebuilder Dandara (East Scotland) is fully registered with the First Home Fund and is looking forward to the launch of the tried and tested scheme. With properties available in popular locations such as Aberdeen, Edinburgh, North Berwick, Eskbank and across The Lothians, they are already receiving many enquiries and expect it to be popular.
The helpful scheme, which has seen investment from the Scottish Government of £200 million, aims to assist over 8000 first-time buyers when purchasing their first home; either new homes or existing properties. Buyers will be able to secure a loan worth £25,000 – or up to 49% of the property value – which ever figure is lower.
The First Home Fund was tested and evaluated between December 2019 and October 2020, and due to its success - it is being re-opened on the 1st of April 2021 for purchases completing in financial year 2021-22.