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First Home Fund Scheme Now Open

Scottish Government support for first-time buyers with the new First Homes Fund scheme 


The Scottish Government’s First Homes Fund shared equity scheme opened for applications on Wednesday 24 June 2026. 


The first phase of the scheme provides up to £10,000 to help first-time buyers purchase a new-build or existing property costing up to £300,000. In return, the Government takes a percentage stake in the home. 


Funding of £500 million has been committed for the scheme over the course of this parliament, which is expected to help around 50,000 households into homeownership. 


Link is the Administering Agent and the scheme is open across the whole of Scotland. 


More information – including FAQs and guidance documents – and the online application form are available on our website:


Comments

  1. Chuck BushAugust 13, 2026 at 2:34 AM

    The blog has some useful information for anyone trying to understand the different aspects of home financing. I think the biggest takeaway is that borrowers shouldn't compare loans based on a single number. Interest rate, fees, tenure, flexibility, and early repayment conditions can all affect the real cost. Someone looking at private home loan lenders should therefore compare the full package rather than simply choosing whichever lender advertises the lowest rate. A little time spent comparing the details can potentially make a substantial difference over a long mortgage period.

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