Help to Buy

Cruden - 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, but it's also available to existing homeowners.

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 of  how the Help to Buy scheme in Scotland* works: 

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

*The Help to Buy (Scotland) Affordable New Build Scheme is subject to eligibility and terms and conditions.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE