Help to Buy
Help to Buy (Scotland) Affordable New Build Scheme
Saving up for the 20% deposit that’s normally required to buy a new home can be difficult for first-time buyers. Help to Buy is a Government initiative aimed at helping first-time buyers get on the property ladder.
Help to Buy means you can find your dream home with just a 5% deposit. The Scottish Government will lend you up to 15% of the property value through an equity loan, and you'll only need to secure up to an 80% mortgage from a bank or building society, making that first step a little easier.
Help to Buy is available on new build properties worth a maximum value of £200,000 in Scotland.
Here's an example the Help to Buy scheme in Scotland*:
Based on a £200,000 purchase price:
Your deposit (5%): £10,000
Your Help to Buy equity loan (15%): £30,000
Your mortgage (80%): £160,000
*Help to Buy in Scotland is subject to eligibility and terms and conditions.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE