First Home Fund

The Scottish Government’s First Home Fund is a shared equity scheme that helps first-time home buyers purchase a property that meets their needs and is located in the area they want to live.

The scheme will provide you with up to £25,000 towards the purchase of a home and can be used for both new build and existing properties.

As this is a shared equity scheme, both you and the Scottish Government will hold an equity share in the property under a shared equity agreement.

The scheme opened in December 2019 and will provide £200 million of funding for first-time buyers. Due to high uptake in recent weeks, the First Home Fund closed to new applications at 6pm on Friday 2 October 2020. 

This represents a pause in the First Home Fund scheme which will re-open in 2021 for purchases completing from 1 April 2021 to 31 March 2022. Further details will be announced in due course.

The Scottish Government continues to support homebuyers and the housebuilding sector through existing schemes including Help to Buy (Scotland) and the Low-cost Initiative for First Time Buyers (LIFT).

Frequently Asked Questions

My award letter relates to funding for 2020-21 but the completion date is confirmed as being delayed beyond 31 March 2021. Will I need to re-apply when the scheme opens for 2021-22 applications?
Can I apply for 2021-22 funding before the scheme re-opens?
I have decided against buying the property I was approved to buy with support from the First Home Fund: can I change the property or do I need to re-apply?
Will there be changes to scheme criteria for 2021-22 applications?
Will there be any exceptions to the deadline for 2020-21 applications?
When will funding for 2021-22 be announced?
Can I apply to the First Home Fund after conclusion of missives?
What if conclusion of missives is delayed?

Information for buyers 

The following lenders offer mortgages for the First Home Fund: 

  • Bank of Scotland 
  • Barclays 
  • Capital Credit Union 
  • Glasgow Credit Union 
  • Halifax 
  • Leeds Building Society 
  • The Mansfield Building Society 
  • Nationwide 
  • Scotwest Credit Union 
  • TSB 
  • Vida Homeloans 
  • Skipton 

Information for homebuying professionals 

After sales 

Link’s After Sales team provides a range of services and transactions for buyers who purchased their home through one of the Scottish Government’s shared equity schemes. Find out more.

More Information

More information on the First Home Fund and the eligibility requirements can be found on the Scottish Government website.

Contact the First Home Fund team on or 0330 303 0555.