Help to Buy (Scotland) Affordable New Build Scheme is a government backed shared equity scheme for new home buyers, whether you are a first time buyer or an existing homeowner looking to take the next step up the property ladder.

Details of the scheme:

  • Minimum 5% deposit
  • Scottish Government interest free equity loan up to 15%
  • Mortgage secured for remaining 80%
  • Loan can be repaid at any time during ownership or upon sale of property
  • Repayment based on current value of property
  • Currently available on homes up to the value of £200,000
  • Applications to scheme can be made up to 9 months in advance of handover date

Here’s how the scheme would work on a property valued at £200,000:

Purchaser deposit5%£10,000
Interest free equity loan15%£30,000
Mortgage80%£160,000
Total£200,000

For further details on how the Help to Buy scheme could get you moving get in touch and speak to our Sales Advisors