Scotland launches £10,000 shared equity scheme for buyers

Mixed response to Scotland’s First Home Fund

Three of Scotland’s leading housebuilders have given a cautious welcome to the Scottish Government’s plans to offer interest-free loans of up to £10,000 to first-time buyers. The new First Home Fund, which will be available from June, applies to properties valued at up to £300,000 and is designed to help more buyers onto the property ladder. Claire Bathgate, Head of Sales for Dandara Scotland, which has developments in Aberdeen and East Lothian,…

Scotland announces shared equity scheme for first-time buyers

First Homes Fund will provide successful applicants with a £10,000 interest-free deposit contribution

Scotland launches £10,000 shared equity scheme for buyers

The Scottish Government has launched a shared-equity scheme offering interest-free loans of £10,000 to first-time buyers. The First Homes Fund will support purchases up to £300,000, with 2,000 households expected to benefit in the initial phase. The post Scotland launches £10,000 shared equity scheme for buyers appeared first on PropertyWire.