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 2015/16
- 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) Scheme
The Help to Buy (Scotland) scheme aims to help first-time buyers and existing homeowners to buy a new-build home in Scotland from a participating home builder. The scheme is available on homes up to a value of £250,000.
Help to Buy (Scotland) Small Developers Scheme
In January 2015, the First Minister announced the £30 million Help to Buy (Scotland) Small Developers Scheme to help people buy a new build home from small and medium-sized house builders. The scheme will spread support more widely across the housebuilding industry by helping buyers who want a new build home built by a small to medium-sized house builder. More information.
Other home ownership schemes
MI New Home Scheme
The Scottish Government supports the private sector-led MI New Home scheme which allows lenders to offer mortgages to credit-worthy borrowers in Scotland who want to buy a new-build home from a participating housebuilder, with a maximum value of £250,000. The scheme supports both first-time buyers and existing homeowners.
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.