Help to Buy Scotland 2013/2014

Help to Buy Scotland 2013/2014

Help to Buy Scotland 2013/2014

The Help to Buy Scotland scheme is designed to help buyers purchase a new build or second hand property that they otherwise wouldn’t be able to afford.

The scheme was launched in October 2013 and is open to both first time buyers and existing homeowners. It is available for the purchase of new build properties from participating home builders. The scheme will open up to all second hand/existing properties as of January 2014.

What properties are included?

  • New build property from a participating home builder or from January 2014 all existing/second hand properties
  • Up to £400,000 in value
  • Located in Scotland

Who qualifies?

  • The scheme is open to first-time-buyers as well as home movers

Additional requirements

  • The buyer must be able to contribute a deposit of at least 5% of the full purchase price
  • The mortgage and deposit combined must cover at least 80% of the full purchase price
  • The Scottish Government will provide an equity stake of up to 20% of the total purchase price

This means that with a 5% deposit, you will need to secure a mortgage for 75% of the total value of the property, and the Scottish Government will provide the remaining 20%.

How much deposit do I need?

The deposit you will need is dependent on the total value of the property you wish to purchase.

For example, a buyer looking to purchase a £200,000 property under the scheme will need:




Equity Loan (provided by the government)



Mortgage (secured from a commercial lender)



Property purchase price


As with all loans, the affordability of this scheme is dependant on the individual. Benefits of the scheme are that it enables more people to take their first steps onto the property ladder by lowering the amount required for a deposit.

For More information contact our dedicated Help to Buy Financial Services team on 01738 44 43 42 we are open 7 days until 7pm