Help to Buy

The Scottish Government's Help to Buy (Scotland): Smaller Developers scheme helps first-time buyers and current homeowners purchase a new build home without the need for a large deposit. 

Covid-19: Shared Equity Schemes operated by Link on behalf of the Scottish Government remain open, with staff working from home. Please check this web page regularly for updates.

The Help to Buy (Scotland) Affordable New Build Scheme will close in its entirety on 31 March 2022 and will not reopen in financial year 2022-23.

The LIFT Open Market Shared Equity Scheme and New Supply Shared Equity Schemes remain open, details of which are available here and on the Scottish Government website.

With the Help to Buy (Scotland): Smaller Developers 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 percentage share under a shared equity agreement.

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.  

Link administers the Help to Buy (Scotland): Smaller Developers scheme on behalf of the Scottish Government throughout the whole of Scotland.

Funding and thresholds 

Help to Buy (Scotland): Smaller Developers Scheme is available until 31 March 2022. See here for a list of eligible developers

If you want to buy a new build home with a small developer using the Help to Buy scheme, the property purchase price cannot be more than £200,000 and must settle by 31/03/2022.

All Help to Buy applications approved so far for 2021-22 will be funded and any settlements delayed into 2021-22 as a result of Covid-19 will also be covered. 

Why has the Scottish Government closed the main Help to Buy (Scotland) scheme?
My Help to Buy award relates to funding for 2020-21 but the completion date is confirmed as being delayed beyond 31 March 2021. Will there be discretion to mitigate against delays to completion.
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?

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.

Over-60s Affordable New Build Scheme

If you are over 60 you can apply to the scheme with or without the need for a mortgage.  You must be able to demonstrate a need to move, which should include at least one of the following:

  • under occupation – living in a property which is too large and need to downsize
  • the property is no longer suitable to meet your needs – can no longer manage stairs etc
  • support – need to move closer to family or friends that provide care and support

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

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.