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 is currently open for applications until 31 March 2021 and will provide £150 million of funding to first-time buyers.


There are no restrictions on the price of property you can buy and it is open to all first-time buyers in Scotland, including single and joint purchasers. You will need to take out a capital repayment mortgage.

How to Apply

We recommend that you speak to an Independent Financial Advisor or Mortgage Advisor before applying to the scheme.

You must have an offer accepted (even if verbally) on an existing home or reserve a new-build property, before applying. 

Submit an online application to apply to the First Home Fund.


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
  • Scottish Building Society
  • Scotwest Credit Union
  • TSB
  • Vida Homeloans

Information for homebuying professionals


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.