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First Homes Fund – Scotland

A new scheme to help first-time buyers own a home in Scotland with a £10,000 deposit contribution.

First Homes Fund is only available for first-time buyers on selected developments and plots in Scotland. Speak with our sales advisor for further details.

What is the First Homes Fund?

The First Homes Fund is a government-backed buying scheme opening in June 2026, made for those buying their first home in Scotland.

This shared-equity scheme offers first-time buyers up to £10,000 to go towards a deposit on a home valued up to £300,000. This home can be either a new-build or second-hand home, as long as the buyer purchases with a mortgage.

Developments taking part

This scheme is available with Ashberry on selected developments and selected plots only.

Current eligible developments:

Scotland West

Eastview Manor

Fardale View

Kiln Gate 

For more information, visit the official government website or read more here

How does the First Homes Fund work?

The First Homes Fund provides first-time buyers with an interest-free contribution of up to £10,000 to go towards a property worth up to £300,000.

As this is a shared-equity scheme with the government, the government takes an equity share in the home. The buyer will own 100% of their home.

Who is eligible for the First Homes Fund?

The First Homes Fund is available to those buying their first home across Scotland. It must be their only home. The scheme is open to buyers looking to purchase either a new-build home or second-hand property.

FAQs for the First Homes Fund – Scotland

What happens if I sell a home bought with the First Homes Fund?

The government will take a share of the profits when the buyer sells their home, in proportion to its equity stake. The buyer doesn’t have to make monthly repayments to the government or pay interest charges.

How much of a contribution can I get with the First Homes Fund?

The buyer can receive up to £10,000 with the First Homes Fund, to go towards their deposit on a home worth up to £300,000.

How much information is already available on the scheme?

As this is a new scheme launching at the end of June 2026, more information is coming soon.

Is the First Homes Fund interest free for the buyer?

Yes, there’s no interest to pay.

Will the buyer own 100% of their home with the First Homes Fund?

Yes, the buyer owns 100% of their home. The government holds an equity stake in the property, which means they receive a percentage amount when the property is sold.

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