Help to Buy (Scotland) Affordable New Build Scheme is the shared equity scheme from the Scottish Government aimed at helping home-buyers purchase a new home with as little as 5% deposit.
Through Help to Buy (Scotland) buyers with a minimum 5% deposit can obtain assistance from the Scottish government of up to a maximum of 15% of the purchase price of their property, with the government holding its equity stake by way of a shared equity agreement and second-ranking. This could leave buyers only needing to secure an 80% mortgage with a high-street lender.
The scheme is available to both first-time buyers and existing homeowners for new-build properties across Scotland with a maximum purchase price of £200,000.
The scheme is available to home-buyers regardless of their annual personal income, with mortgages available from a range of high-street lenders.
Help to Buy
Help to Buy is a Government backed equity loan aimed at helping you purchase your new home. The scheme is open to both first time buyers and existing homeowners on new build properties up to a maximum value of £600,000.Explore
Help to Buy Wales
Buyers with a minimum of 5% deposit can receive an interest free equity loan of up to 20% of the value of their new home, leaving only a 75% mortgage to secure.Explore
Help to Buy London
Using the scheme, purchasers only need a 5% deposit and a 55% mortgage to qualify for a 40% interest free equity loan backed by the UK Government.Explore