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 First Home Fund budget for 2021-22 is now fully committed and applications are closed. The scheme will not be reopening in financial year 2022-23.

The scheme provides 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 LIFT Open Market Shared Equity Scheme, New Supply Shared Equity Scheme and Help to Buy (Scotland) Small Developer Schemes remain open, details of which are available here and on the Scottish Government website.

Frequently Asked Questions

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?
What if conclusion of missives is delayed for my 2021-22 application?
Will applications re-open?
Why are Help to Buy (Scotland) and First Home Fund closing?
Can I still apply for the First Home Fund or Help to Buy for completion in 2021-22?
My property settlement date may be delayed beyond 31 March 2022. Will an extension be granted?
What length of extension can I request?

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 
  • Scottish Building Society 
  • TSB 
  • Vida Homeloans 
  • Skipton 

Information for homebuying professionals 

After sales 

Link’s Shared Equity 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. 

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.