Scottish Government Launch New ‘First Home Fund’ Scheme

A pilot scheme which will help first-time buyers with the cost of a new home has been launched in Scotland.

The Scottish government’s First Home Fund will contribute up to £25,000 towards the cost of buying a property through a shared equity scheme. A total of £150m will be made available between now and March 2021, providing assistance to at least 6,000 people. It will operate alongside the existing government schemes to help with the cost of buying a home.