First Home Fund

The First Home Fund is a fantastic opportunity that helps first time home buyers to secure their first home, with up to £10,000 from the Scottish Government. The opening date for applications has just been announced as Monday 22nd June 2026.

Here are the main things you need to know about the First Home Fund:

• It is available on new and second hand homes under £300,000.
• The home you are buying must be your first home and primary residence, and purchased with a mortgage.
• There are no monthly repayments to make, and no interest charged.
• You will own your home and have the title deeds in your name. The government will have an equity share in the property.
• The Scottish Government’s percentage equity share would normally be repaid when the home is sold.

This scheme is ideal for those who are keen to get on the property ladder and struggling to save a deposit large enough to secure their first home, as it could be the boost that makes it possible.