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Help to Buy (Scotland)

The Help to Buy (Scotland) scheme means people can purchase a new-build home without the need for a large deposit.

Help to Buy (Scotland): Affordable New Build and Smaller Developers Schemes will provide £195 million of funding over the next three years, and help around 6,500 households to buy a new-build home.

We worked closely with the housebuilding industry, and lenders, to agree how the scheme will operate.

This funding, in combination with our original Help to Buy scheme, means we will help around 14,000 households to buy new-build homes. And the housebuilding industry will have received around half a billion pounds of support over six years.

How to apply for the Help to Buy (Scotland): affordable new build scheme is on the mygov.scot site.

Guidance for homebuying professionals

We have produced documentation and guidance for professionals using the Help to Buy (Scotland) scheme:

Funding and monitoring information

We collect information to monitor the Help to Buy (Scotland) Fund. This includes a regular report on the number of sales and financial information associated with this, the monitoring information report and a report on the characteristics of those who have participated in the fund

The analysis is broken down by broad geographic area and local authority. Some small numbers have been suppressed to avoid disclosure. Key points:

  • National findings: In the financial year 2016 to 2017 there were 2,370 sales with a total of £64 million of Scottish Government funding. The average Scottish Government equity stake was £27,000, while the average purchase price of a house bought through the scheme was £179,000.

  • Regional findings: In 2016 to 2017, most sales (1,120) occurred in West Scotland. There were fewest sales in the Highlands and Islands (110). The highest average purchase price (£203,000) and Scottish Government stake (£31,000) was in North-East Scotland. The lowest average purchase price (£174,000) was in Central Scotland and the lowest average Scottish Government stake (£26,000) was in West Scotland.

  • Local findings: In 2016 to 2017 most sales occurred in North Lanarkshire (320) followed closely by Glasgow (310). The average purchase price was highest in Aberdeen City (£217,000) followed by East Dunbartonshire (£212,000). It was lowest in the Orkney Isles (£151,000).