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Scotland retains higher Help to Buy threshold for 2018/19

Posted 31 March 2017 by Keith Osborne

The Scottish government has announced its decision to retain the 2017/18 Help to Buy price limit into the 2018/19 year instead of reducing it as originally planned...

The Scottish Government has announced that the price threshold on properties eligible for the Help to Buy scheme north of the border will remain at £200,000 in 2018/19.

Originally, the limit was to be reduced for the year from 1 April 2018 from the current figure to £175,000. Housing minister Kevin Stewart has said that retaining the figure – which comes into effect tomorrow, 1 April 2017 – for the third year of the scheme will assist more families to buy a brand new home in Scotland.

“We want to help people get on or up the housing ladder and Scotland’s Help to Buy scheme gives a helping hand to thousands of people,” he says. “We want to make homeownership as accessible as possible – with a particular focus on helping people to buy affordable new build homes. We know, however, that prices of property – and what constitutes affordable - can fluctuate massively across different parts of the country.

“That is why I have decided to retain the price cap on homes eligible for the scheme at £200,000 over the next two financial years. This will be important in helping people own their own home across urban, rural and small towns in Scotland. I hope housebuilders will see this as a strong sign from this government that we are committed to playing our part in delivering new, high-quality  homes of all tenures – and helping people to access them.”

Nicola Barclay, chief executive of Homes for Scotland, has responded positively to the announcement: “Maintaining the £200,000 price threshold is great news for those looking to buy a new home as it provides for greater confidence and choice of property as well as allowing people more time to look and save for a deposit. It is also crucially important for homebuilders active in this area of the market as it offers more certainty for planning, investment and sales purposes.”

Check out a range of new homes in Scotland here.


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