The First Home Fund was tested and evaluated between December 2019 and October 2020, and due to its success, it is being re-opened on 1 April 2021 for purchases completing in financial year 2021-22. Buyers will be able to secure a loan worth £25,000 or up to 49% of the property value, which ever figure is lower. The helpful scheme, which has seen investment from the Scottish government of £200million, aims to assist over 8,000 first-time buyers when purchasing their first home, either new homes or existing properties. Some of its homes will be ready for purchase on 1 April. The company is fully registered with the First Home Fund and looking forward to the launch of the tried-and-tested scheme on qualifying properties in popular locations such as Aberdeen, Edinburgh, North Berwick, Eskbank and across The Lothians, they are already receiving many enquiries and expect it to be popular. From Thursday 1 April, first-time buyers in Scotland will once again have the opportunity to secure a home of their own with as little as a 5% deposit, following the reintroduction of the Scottish Government’s First Home Fund – and developer Dandara East Scotland will be offering the scheme at a number of its sites.
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