Customer Enquiries: 03451 400 100
Customer Enquiries: 03451 400 100

Help to Buy

The Scottish Government's Help to Buy (Scotland): Affordable New Build Scheme helps first-time buyers and current home owners purchase a new build home without the need for a large deposit.

With the Help to Buy (Scotland) Affordable New Build scheme you'll be able to buy a new build home without having to fund its entire cost, and will receive assistance from the Scottish Government.

You'll be expected to pay a minimum of at least 85% of the home's total purchase price and the Scottish Government will hold the remaining % share under a shared equity agreement which it will enter into with you.

If you are over the age of 60, you do not need to take out a mortgage to access this scheme and can purchase the property with the help of savings and/or equity from a house sale.  

Funding and thresholds 

Help to Buy (Scotland): Affordable New Build and Smaller Developers Schemes has been extended to March 2021. An additional £100 million will be provided over 2019-20 and 2020-21.

If you want to buy a new build home using the Help to Buy scheme, the property purchase price cannot be more than the threshold price. The threshold price is £200,000 for the financial years 2018-19, 2019-20 and 2020-21. 

The scheme is currently open to applications for financial years 2018/2019. 

Affordable New Build Scheme

You need to take a mortgage of at least 25% of the purchase price. You must be unable to buy the property without the scheme.

Apply for Help to Buy Affordable New Build Scheme

Complete the online application form to apply

Apply now

Over 60's Affordable New Build Scheme

If you are 60 and over you do not need to take a mortgage. If taking a mortgage of less than 25% of the purchase price, you must demonstrate a housing need. You must be unable to buy the property without the help of the scheme.

Apply for the Help to Buy Older Persons Affordable New Build Scheme

Complete the simple application form to apply

Apply now

More information

For further information on the scheme, details of participating house builders and access to the affordability calculator please visit the Scottish Government’s website or contact a member of the team on 0330 303 0023.