What help can I get to buy a home?
The Scottish Government offers several schemes to help you become a homeowner where that is affordable for you. The best scheme for you depends on your own circumstances and you should speak to your lender or an independent financial advisor before you apply to one of the schemes. Some schemes are open to all homeowners; others are only available to first-time buyers.
This table will help you decide which scheme might be able to help you. You'll find more details of each scheme underneath the table.
Low Cost Initiative for First Time Buyers (LIFT)
Two LIFT shared-equity schemes help first-time buyers on low to moderate incomes to own a home.
- The Open Market Shared Equity Scheme helps first-time buyers to buy a home on the open market.
On 2 March 2015, First Minister Nicola Sturgeon and Cabinet Secretary for Social Justice Alex Neil announced £70m funding for OMSE in financial year 2015-2016.
- The New Supply Shared Equity Scheme helps first-time buyers to buy a new build home from a housing association.
More details on these schemes
Shared Ownership helps people on low to moderate incomes buy a home where it is affordable for them. Shared ownership helps a person buy a share of a home and pay an occupancy charge on the remainder to a housing association. Shared Ownership is different from shared equity. Find out the differences.
There are currently no shared ownership properties available.
Help to Buy (Scotland) Affordable New Build and Smaller Developers New Build schemes
The Cabinet Secretary for Social Justice, Communities and Pensioners’ Rights, Mr Neil, launched the Help to Buy (Scotland) Affordable New Build and Help to Buy (Scotland) Smaller Developers schemes on 21 January 2016.
More information on the new schemes can be found on the Help to Buy page.
Home ownership scheme
UK Government’s Help to Buy Mortgage Guarantee scheme
This UK-wide scheme is a UK Government initiative; the Scottish Government has no role in the scheme’s development or delivery. Visit the UK Government website for more information.