Scottish First Homes Fund

What is the Scottish First Homes Fund?

The First Homes Fund is designed to take the edge off buying your first home by lowering the amount you need to save for a deposit.

How does the Scottish Homes Fund work?

The scheme works by offering a Scottish Government equity contribution of up to £10,000 towards the purchase of a home. The money comes from the Scottish Government which means they'll own a share of your home.

First-time buyers can use the scheme when purchasing a Dandara home with a purchase price of up to £300,000, subject to the Scottish Government's eligibility criteria.

Who is eligible for the Scottish First Homes Fund?

To be eligible for the Scottish First Homes Fund, you must:

• Be a first-time buyer purchasing a home in Scotland  
• Ensure that one applicant is a first-time buyer if you are applying for a joint application.
• Not own another property  
• Not be a cash buyer or have an interest-only mortgage  
• Have a mortgage that covers at least 25% of the purchase price of your property 

Find full scheme details and learn more about how to apply for the First Homes scheme here.

More support for first-time buyers in Scotland.

If you’re looking to buy your first home, you also have the LIFT scheme and the New Supply Shared Equity scheme, both of which operate by taking an equity share in the home. First-time buyers can also currently use the Land and Buildings Transaction Tax relief, which waives property tax on homes priced under £175,000

Keep an eye out here for more detail as we update this space with the latest information for Scottish buyers looking to finally purchase their first home.

For full eligibility criteria, application guidance and scheme terms, please visit the Scottish Government's First Homes Fund website.