Help to Buy
The Scottish Government's Help to Buy (Scotland): Affordable New Build Scheme helps first-time buyers and current owners purchase a new build home through a shared equity agreement.
The Help to Buy (Scotland) scheme scheme helps you buy a new-build property from a participating house builder with a loan of up to 15% of the property price from the Scottish Government. Buyers must be able to fund at least 85% of the purchase price of a selected property through a combination of mortgage and a minimum of 5% deposit (if one is required by their lender).
The Scottish Government receives its percentage back when you sell or if you choose to buy out the Government Equity Stake.
New funding and thresholds announced
The Scottish Government has recently confirmed funding of £195 million for the scheme over the next 3 years.
The maximum threshold sale price for the scheme is as follows:
- For financial year 2016/17 (transactions concluding up to 31 March 2017) the threshold price is £230,000
- For financial year 2017/18 (transactions concluding up to 31 March 2018) the threshold price is £200,000
- For financial year 2018/19 (transactions concluding up to 31 March 2019) the threshold price is £200,000
The scheme has now opened to applications for house purchases completing after 1 April 2017. You can apply via the online application form.
Apply for Help to Buy Affordable New Build scheme
Complete the online application form to applyApply now
Apply for the Help to Buy Older Persons Affordable New Build Scheme
Complete the simple application form to applyApply now
For further information on the scheme, details of participating house builders and access to the affordability calculator please visit the Scottish Government’s website.