First Home Fund

Introduction

The First Home Fund is a shared equity pilot scheme to provide first-time buyers with up to £25,000 to help them buy a property that meets their needs and is located in the area where they want to live.

It is open to all first-time buyers in Scotland and can be used to help buy both new build and existing properties.

The funding provided by the scheme will help around 12,000 first-time buyers purchase their first home.

The First Home Fund will re-open at 9 am on 1 April for applications due to complete in financial year 2021-22.  The budget available in 2021-22 is £60 million. 

Applications to the scheme can be made through the Link Housing website

The fund will close to new applications when the 2021-22 budget has been used up. No notice will be provided in advance of closure. Any applications received after the budget has been exhausted will not be processed.

• More information

Information for buyers

• First Home Fund: applicant journey flowchart
• First Home Fund: guidance for buyers
• First Home Fund: scheme overview
• After sale shared equity procedures: guidance 2019

Information for homebuying professionals

• First Home Fund: applicant journey flowchart
• First Home Fund - administrative procedures for agents: guidance
• After sale shared equity procedures: guidance 2019
• First Home Fund: sample application form
• First Home Fund: award letter
• First Home Fund: guidance for lenders
• First Home Fund: standing instructions
• First Home Fund: sustainability calculator
• First Home Fund: scheme overview