Telephone Lines: The Telephone lines are currently down, BT are on site trying to fix this issue

BSL Council Services Accessibility
  1. Home
  2. Housing
  3. Private housing

Help to Buy

The Scottish Government has announced the introduction of the Help to Buy (Scotland) Scheme which aims to help stimulate Scotland's house-building industry and to help people to buy a new build home in Scotland from a home builder who has been approved to participate in the scheme.

Main points of the scheme:

  • The scheme is only available on new build homes from participating home builders and on homes up to a maximum value of £400,000
  • A buyer's mortgage lender is likely to require that the buyer contribute a deposit of 5% of the full purchase price and the mortgage and deposit must cover a combined minimum of 80% of the total purchase price.
  • The Scottish Government will help buyers to purchase the property and will take an equity stake of up to 20% of the value of the property
  • The Scottish Government's equity stake can be repaid at any time
  • All applicants must seek the advice of an independent financial advisor before applying to the scheme
  • Typically the mortgage will be based on a multiple of up to 4.5 times the household income of a single person and up to 3.5 times for a couple.

Full details of the scheme can be found on the Scottish Government's website:

[1] The Scottish Government has a web page specifically for housing financial advisers at Lender and IFA information.