First Home Fund
The Scottish government has just launched a new fund to help first time buyers get on the property ladder. For anyone who qualifies, this can provide up to £25,000 towards the cost of buying a first home.
The funding is available on a “shared equity” basis, with no monthly or interest payments. You can either pay back the amount over time, or when you eventually sell the house.
Those who qualify need to have a minimum 5% deposit and the mortgage must be at least 25% of the purchase price. The money is only available to buy a first home, which must be your main residence.
If this is of interest and you would like to find out if you qualify, please speak to your Independent Financial Adviser (IFA). Or speak to any member of our sales team who can put you in touch with an IFA.
The First Home Fund is designed to help people of any age to become home owners.
Terms & conditions apply
A fully detailed information leaflet can be downloaded here or obtained in hard copy from our Sales Executive
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