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The Scottish Government’s First Home Fund is a shared equity scheme that helps first-time homebuyers purchase a property.
The fund is a £200 million shared equity pilot scheme to provide first-time buyers with up to £25,000 to help them buy a property that meets their needs and is located in the area they want to live.
It is open to all first-time buyers in Scotland and can help buy both new build and existing properties. Due to high application levels, the First Home Fund closed to new applications on Friday 2 October 2020. However, the scheme will re-open for purchases completing from 1 April 2021 to 31 March 2022.
Applications open on 1 April 2021; however, it is advisable to get in touch in advance to see whether you may qualify for this opportunity.
Click here to get in touch today to see how we can help you with your Mortgage and Insurance requirements.