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Help to Buy (Scotland) Affordable New Build Scheme

Your dreams of moving to a brand new Mactaggart & Mickel Homes property could soon be within easy reach with just a 5% deposit to pay! Help to Buy (Scotland) Affordable New Build Scheme is designed to help you buy a new build home.

This exciting scheme is open to all home buyers - not just first time buyers - so if you are a second or third stepper this scheme could help you too. The application process is simple and your Sales Consultant will be happy to guide you through it.

The Scheme provides help of up to 15% towards the purchase price of a home - this could mean you are able to afford a larger home than you first imagined.

*The Help to Buy Scheme is accepting applications now for new build house purchases concluding between 1st April 2017 and 31st March 2018. Applications to the Help to Buy Scheme can be made for homes up to the value of £200,000. T&C apply.

Example:-

Price of your new home          £195,000 (100%)
Your mortgage                           £156,000 (80%)
Your 5% deposit                              £9,750 (5%)
Total contribution from you      £165,750 (85%)
Help to Buy Equity loan                 £29,250 (15%)

Help to Buy (Scotland) is available on selected plots at the following Mactaggart & Mickel Homes developments:

Millerhill, Midlothian (2 bedroom apartments and 3 bedroom terraced homes)

Midton Fields, Howwood (3 bedroom semi detached homes)

Carrongrove, Denny (2 bedroom apartments and 2 and 3 bedroom terraced homes)

To start the process of purchasing your new home with Help to Buy, simply get in touch directly with the Sales Consultant at your chosen development.*

For further info on how the new scheme works please go to http://www.gov.scot/htb or click here to download our FAQs leaflet.

*NB before reserving a plot with us you must first be qualified by Financial Advisors Mortgage Force or Lifetime Planning (dependent on location) for affordability and to ensure you fit the Help to Buy criteria.

Help to Buy (Scotland) Affordable New Build Scheme is not available in conjunction with any other offer. Buyers will be required to contribute a minimum 85% of the purchase price of a home through a combination of a mortgage and deposit. A minimum of a 25% mortgage is required to participate. Buyers will be able to obtain assistance from the Scottish Government of up to a maximum of 15% of the purchase price (subject to the maximum permitted threshold price of £200,000).

The Scottish Government will hold its equity stake by way of a shared equity agreement with the buyer, secured by way of a second-ranking standard security over the buyer’s title to the property. Terms and conditions apply. Also subject to mortgage lenders criteria. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. The prices of homes supported by the scheme will progressively reduce each year, with a maximum value of £200,000 in 2017/18 and £175,000 in 2018/19. 

The Herald Scottish Family Business Awards 2016 Commendation - HBF 2016 5 Star Home Builder Customer Satisfaction