The Scottish Government have announced that the First Home Fund will continue for 2021/2022.
The scheme is aimed to help support first time buyers purchase their own home by providing up to £25,000 towards the cost of purchasing a property between 1st April 2021 to 31st March 2022.
Applications for a shared equity first home fund loan can now be made.
A scheme to help you buy your first home
To apply for the first home fund you will need;
At least one applicant is a first time buyer
Have a 5% deposit saved up
Be purchasing a home in Scotland
Have your mortgage agreed in principle
Have an offer accepted on the house you wish to buy.
To apply using a lender who supports the First Home Fund scheme applications
Apply for a First Home Fund Mortgage
If you are a first time buyer and would like more information on the First Home Fund and how this could help you to get the keys to your first home then please call me to discuss your options, or complete the online form.
Initially we will discuss your circumstances, review your borrowing range and explain how the First Home Fund would fit with your goals.