First Home Fund

The First Home Fund is a shared equity 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 where they want to live.

It is open to all first-time buyers in Scotland and can be used to help buy both new build and existing properties.

The funding provided by the scheme will help around 12,000 first-time buyers purchase their first home.

The First Home Fund will re-open at 9 am on 1 April for applications due to complete in financial year 2021-22.  The budget available in 2021-22 is £60 million.

The fund will close to new applications when the 2021-22 budget has been used up. No notice will be provided in advance of closure. Any applications received after the budget has been exhausted will not be processed.

To find out more, call Munro and Noble Financial Services on 01463 71 88 72 or email Hamish Malcolm on Hamishm@munronoble.com