We've been helping people in Scotland buy their homes since 1848. Through the NSSE scheme you’ll be able to buy a new build home without having to fund its entire cost, and will receive assistance from the Scottish Government. To qualify, you'll need to have a 5% deposit. If you’re planning to put down a deposit of at least 5% but less than 10%, to qualify you’ll need to be: a first-time buyer or home … The Scottish government's First Home Fund was launched in December 2019. Things to know when buying your first home. For example, Nationwide Building Society, which alongside Barclays, was one of the first lenders to sign up to Help to Buy in Scotland, is offering a rate of 2.34% for two years (either on a fixed rate or tracker basis) in exchange for a 25% deposit and a £900 product fee, though this is reduced to £400 for first … The scheme will provide an Equity Loan to your client of up to £25,000 towards the purchase price of their first home, subject to a maximum of 49% of the value of the property. At the Scottish, we do all we can to make the whole process as easy and stress-free as possible for you. First Home Fund. How does the First Home Fund Scotland work? FIRST MORTGAGE (NE) IS A SEPARATE ENTITY AND IS A TRADING STYLE OF M&R FM LTD, WHO ARE AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. Find out more about Land and Buildings Transaction Tax in Scotland . IN ENGLAND AND WALES YOU MAY BE REFERRED TO AN ADVISOR FROM FIRST MORTGAGE (NE). Tax relief for a first-time buyer acquiring ownership of a dwelling, provided certain conditions are met may also be available. The maximum First Home Fund contribution from the government towards a Springfield home is £25,000. It offers first-time buyers interest-free equity loans of up to £25,000 to help them get on to the property ladder. The First Home Fund provides loans of up to £25,000 to first time buyers to help boost their deposit to purchase a property in Scotland. This scheme aims to help first-time buyers in Scotland buy their own home. You can also find these in our First Time Buyer Guide. Example A . First Home Fund. Our First Time Buyer Guide explains the entire mortgage process, in an easy to understand way. First Home Fund . It provides an interest-free equity loan of up to £25,000 or 49% of the purchase price. It's a big financial decision, but it needn't be a complicated one. You can apply for a first time buyer or home mover mortgage of up to 95% of the property’s value under the Government’s mortgage guarantee scheme. Registered in Scotland Number: SC177681. LIFT, (also known as Low-cost Initiative for First-Time Buyers) is a Scottish Open Market Shared Equity Scheme that helps buyers on low to moderate income buy a home. Use our Land and Buildings Transaction Tax calculator to find out how much you’ll pay. After all, getting your first home can also mean arranging your first mortgage. Registered office: 30 Walker Street, Edinburgh, Scotland, EH3 7HR. Read our guide to understand the process so you know who does what and when. Due to the high number of applications, the First Home Fund closed to new applications. There’s a lot to think about when buying your first home. The LIFT scheme provides eligible applicants with funding of between 10% and 40% to put towards the purchase price of a property. 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