Help to Buy in Scotland

Help to Buy Scotland
The Help to Buy scheme is designed to help first-time buyers to purchase affordable new build homes in Scotland. Find out how the scheme can benefit you with WhatHouse?
What is Help to Buy?
Available only on brand new homes, Goverments "Help to Buy scheme" gives financial assistance to new home buyers by reducing the deposit required down to 5%.
Now used as an ‘umbrella’ brand for a variety of government homebuying schemes, the main part of this initiative provides financial assistance to buyers in the form of an equity loan, a lump sum added to the purchaser’s deposit to reduce the size of the mortgage they need. This loan is interest-free for five years and only needs to be repaid when the property is sold. Hundreds of housebuilding companies have signed up to the scheme, and there are just a few eligibility criteria for potential buyers to meet in order to qualify for it.

The latest statistics from the government show that over 100,000 homes were purchased with this equity loan from the launch of the scheme in April 2013 to the end of September 2016, with 80% of them purchased by first-time buyers.
young couple looking at new homes

Help to Buy Scotland
Help to Buy Scotland
The Scottish strand of the scheme was launched in March 2016. It has recently been extended to help first-time buyers until 2021. It has some variations to its counterpart in England, including an annually reducing price threshold (£230,000 for purchases to March 2017, then £200,000 until March 2018, then £175,000 until the end of the scheme) and an equity loan of 15% of the property price.

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Is a new build a good investment? 
Are there any restrictions on the type of property I can purchase?
Can I get help with benefits to pay the Help to Buy fees, if I lose my job?
Do I have to pay stamp duty?
Can I change the property in any way?
Can I buy a home off-plan?
Recent News
Greenacres (Barratt Homes)
14 September 2018
Here are a few examples of what you could buy with Help to Buy in Scotland right now...
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Mill Brook (David Wilson Homes)
6 September 2018
The Whathouse? team reports on a range of events, launches and special offers on new homes developments around the UK...
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St Thomas Priory (Elan Homes)
30 August 2018 takes you through some of the launches, events and special offers in this week's UK new homes market...
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