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GrantScotland

First Homes Fund (Scotland)

Scottish Government

Details being confirmed

Some figures on this page (such as the amount, deadline, or rate) are provisional and due a fresh verification pass against the official source. Please confirm the current details using the official link below before relying on this information.

Description

A Scottish Government scheme, new in 2026, giving first-time buyers up to £10,000 towards a first home worth up to £300,000 on its home report value. The money is not a gift: the Scottish Government takes a proportionate share of the property, so £10,000 on a £100,000 home means it owns 10%. You need a mortgage covering at least 25% of the purchase price and usually a deposit of around 5%, and where you're buying with someone else only one of you has to be a first-time buyer. Not to be confused with the older First Home Fund, which ran from December 2019 to March 2022 and is closed.

Amount

Up to £10,000 towards a first home worth up to £300,000, in exchange for a proportionate Scottish Government equity share

Deadline

Rolling / no fixed deadline

Eligibility summary

  • Available in: Scotland.
  • Open to individuals — not restricted to businesses.
  • Relevant income bands: earning under the Personal Allowance, basic rate taxpayers.
Notes
A deposit of usually around 5% of the purchase price is also needed. The Scottish Government takes an equity share proportionate to its contribution, repayable when the property is sold or the share is bought out. Reported as opening to applications on 24 June 2026, but neither mygov.scot page states an opening date or a delivery agent, so confirm the current application route (and whether the fund is still taking applications, since equity schemes of this kind are usually cash-limited) before directing a user to apply.
Requirement
First-time buyer in Scotland (at least one buyer must be a first-time buyer where buying jointly), purchasing a property with a home report value of up to £300,000, with a mortgage covering at least 25% of the purchase price.

Want help with this application?

This one is usually simple enough to do yourself using the free official link below — but if you'd rather have help, we're building relationships with vetted professionals and can let you know if that becomes available.

Some of the organisations we may connect you with pay us a referral fee if you use their service. This never affects which listings you see in the directory. No live partner is confirmed yet for this listing.

You can also do this yourself for free via the official source

How to apply

Check the eligibility conditions on mygov.scot's First Homes Fund pages and apply via the route given there; confirm the fund is still open before applying, as the scheme is new and cash-limited.

View official source

Last verified: 22 September 2026. See the footer disclaimer — this is general information, not financial or tax advice.