Help To Buy Scotland and England & Scottish First Home Fund

Trying to get a foot on the property ladder can be a struggle for the best of us. Often, with university debt stacked behind you and a low paid, entry level first job, saving enough money to put down a deposit is a common stumbling block – especially for first time buyers.

With the Governments help, you can now buy a home with as little as a 5% deposit as well as lower mortgage repayments.  We can also help you with the new Scottish Government First Home Fund, where first time buyers can benefit from up to £25,000 deposit contribution when buying their first home. This is available for properties on the resale market as well as new build homes.

We will help you find the best Help to Buy mortgage deal available to you. We’ll also guide you through the entire application, help you with the paperwork, and liaise with lenders, builders, and solicitors on your behalf, at no cost to you.

Visit our help and advice page for useful information and resources relating to all things mortgages

Request a call back from our team and one of our expert advisors will be in touch to discuss your needs

Our calculator helps you work out how much your mortgage repayments might be based on the amount, interest rate and term


What is a Help to Buy Equity Loan?


This scheme is applicable for new build homes only, so if new builds appeal to you, then it might be worth reading up on the terms and conditions of the government Help to Buy Equity Loan.



If you want to buy a new build home but can’t afford the total cost, you might be able to get help through the Help to Buy (Scotland) Affordable New Build scheme.

The scheme is open to first time buyers as well as existing homeowners and helps you with up to 15% of the purchase price of a new build home.

How does a Help to Buy Equity Loan work?


  • First time buyers and home movers are both eligible for an Equity Loan
  • The government will lend you up to 15% of the cost of your new build home
  • You find the minimum 5% cash deposit upfront



  • First time buyers and home movers are both eligible for an Equity Loan
  • The government will lend you up to 20% of the cost of your new build home
  • You’ll find the minimum 5% cash deposit upfront
  • Therefore you will have an overall 25% deposit against the purchase price of the house/flat
  • You won’t be charged loan fees on the 20% loan for the first five years

In the 6th year, you will currently be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year in line with inflation. The annual increase in the fees is worked out by using the Retail Prices Index (RPI) plus 1%. For instance, you could see the following:

Years 1-5: no fees

Year 6: 1.75% of the loan

Year 7 onwards: 1.75% + RPI + 1%

These fees do not go towards paying off the government loan

However, the larger the deposit you put down, the more mortgage products you’ll have available and generally speaking, the bigger the deposit, the better the mortgage deal.

When does Help to Buy and First Home Fund end?


Help To Buy Shared Equity for new build homes ends on March 2021.

First Home Fund ends whenever the £150 million allocated to the scheme runs out or 31st March 2021, whichever is sooner.



The current Help to Buy equity loan scheme is ending in March 2021. It will be replaced by a new scheme, which will run from April 2021 until March 2023 – however, it will only be open to first-time buyers and have regional property price caps.