First Home Fund - quantitative and qualitative analysis: evaluation synthesis

Footnotes

1. Homeowners: First Home Fund - gov.scot (www.gov.scot)

2. The valuation is provided either by the home report valuation or mortgage lender's valuation.

3. Their mortgage lender may require more than 5%.

4. Provided none of the joint applicants still owns a property by the date of completion of the property being purchased through the FHF. The position of joint buyers under the FHF differs from that under the Land and Buildings Transaction Tax first-time buyer relief, where all joint purchasers must never have previously owned a dwelling.

5. Further information on the FHF can be found on the Scottish Government's website at: Homeowners: First Home Fund - gov.scot (www.gov.scot).

6. Shared Equity Scotland | First Home Fund (linkhousing.org.uk)

7. Household income data for other Scottish Government shared equity schemes relates only to earnings, therefore gross annual household earnings are used in this comparison.

8. As mentioned earlier, additionality for the FHF was estimated in a broadly comparable although not identical way to the previous external evaluation of the Scottish Government's other shared equity schemes, but the pattern of additionality across the schemes is largely the same even when testing for the impact of these slightly different approaches.