Help to Buy Scheme Scotland

September 27th 2013

The Scottish Government today announced that it will allocate £220million over three years for the Help to Buy (Scotland) Shared equity scheme to provide financial support to make buting a home easier.

From Monday 30th September the scheme will be open to all first time buyers and exisiting homeowners buying a new build home from participating builders. The home must be thw buyre's only residence and they must not own another home.

The Scottish Givernment will provide help to eligible buyers for up to 20% of the purchase price of a new build home from a participating home builder.

An eligible buyer will be expected to contribute a minimum of 80% of the cost of the new build home. The shared equity scheme will apply to homes worth up to £400,000 in Scotland.

For more information visit the Scottish Government website at www.scotland.gov.uk/housing/help-to-buy