Help to Buy Schemes

Get a helping hand onto the property ladder

That first step might feel like the hardest, but there are a number of schemes designed to help first-time buyers afford a place of their own.  The following list outlines some of these schemes. To find out which is the right one for you, talk to our advisers.


First Home Fund

The First Home Fund is a £200 million government backed shared equity scheme to provide first-time buyers with up to £25,000 to help them buy a property that meets their need.  It’s open to all first-time buyers in Scotland (if you’re buying with a partner, only one of you needs to be a first-time buyer) and can be used to help buy both new build and existing properties.

 Last year, the First Home Fund helped over 8,000 first-time buyers get a foot on the Scottish housing ladder last year. This year, if you or your partner has never owned a property before, you could be one of them!

The fund is capped, so when it’s gone, it’s gone. In 2020, the fund was fully claimed and closed to new applications by October.
In 2021, the scheme will re-open on 1 April and can be claimed for eligible purchases completing from 1 April 2021 to 31 March 2022.

The Scottish Government contribution will be secured on the equity of the home; it is repayable in full at any time; and must be repaid if the home is sold. No monthly payments will apply.

Buyers will also have to fund a minimum of 5% of the value of their new house from their own funds as a deposit. You can combine contributions from the UK Government’s Help to Buy ISA or the Lifetime ISA (which do not have to be repaid to the UK) with support from this scheme.

More info is available on the Scottish Government website


LIFT – Low-cost Initiative for First-Time Buyers

The Scottish government will contribute between 10 and 40% of funding towards your new home on the open market.

E.g. property price is £100,000, you can afford to contribute £70,000 through your deposit and a mortgage. The Scottish government will provide the remaining 30%.

When the house is sold, it will be the same percentage that is paid back.

I.e. house value is now £110,000, government percentage is 30% of £110,000, so is now £33,000. If the value is now £90,000, the government percentage is now 30% of 90,000, so is £27,000.

You can buy the government share back over time, until eventually you own 100% of your home.

This scheme is designed to help first-time buyers, social renters, those with a disability who can demonstrate housing needs, members of the armed forces, veterans who left the armed forces in the past two years, widows of service personnel and people over the age of 60.

This video explains more.


Forces Help to Buy Scheme

This scheme enables servicemen and servicewomen to borrow up to 50% of their salary, interest free, to buy their first home or move to another property on assignment or as their families’ needs change.

This is paid back over 10 years in regular monthly payments deducted straight from your salary.

Further details on the website


You’re not alone

Finding your first mortgage can feel overwhelming, but it doesn’t have to be.

Our mortgage advisers can explain how this impacts you and help you find the right mortgage.

Call 01343 814000 or use the contact form to make an appointment.


Your home may be repossessed if you do not keep up repayments on your mortgage.