First Homes Fund: Information for Lenders and Independent Financial Advisers

Introduction

The information below is intended for lenders and Independent Financial Advisers to help understand the Scottish Government’s First Homes Fund.

This new scheme operates as a shared equity scheme that will help first-time buyers in Scotland buy their own home by making a contribution of up to £10,000 towards the purchase of a property.

This will sit alongside the Scottish Government’s existing home ownership schemes and aims to help first-time buyers purchase a home that meets their needs in the location where they want to live. This scheme will be administered by an external agent (the ‘Administering Agent’) on behalf of Scottish Ministers.

Copies of the scheme documentation and application forms can be found at the following link :

• Administrative Procedures
• Standing Instructions
• Application Form
• First Homes Fund Buyers Guide
• All Schemes - Post Sales Information for Buyers
• First Homes Fund – Scheme Overview