First Homes Fund

Cruden Homes Lifestyle photo

The Scottish Government launched the First Homes Fund on 24 June 2026. This shared equity scheme is designed to help first-time buyers take their first step onto the property ladder.

Through the scheme, the Scottish Government offers an equity contribution of up to £10,000 towards the purchase of your home. It can be used for both new build and existing properties, with a maximum property value of £300,000.

To be eligible for the First Homes Fund, you must:

  • Be a first-time buyer
  • Have a valid repayment mortgage covering at least 25% of the property purchase price (interest-only mortgages are not eligible)
  • Use the property as your sole residence.

The scheme is interest-free, and you will own 100% of your home. In return, the Scottish Government holds a percentage equity stake, which is repaid when the property is sold.

Please speak with our sales executive for further details.