The First Home Fund shared is a shared equity scheme, where both the home owner and the Scottish Government will hold an equity share in the property under a shared equity agreement.
The scheme has been re-launched to provide first-time buyers with up to £25,000 to help them buy a property that meets their needs and is located in the area where they want to live.
First launched in December 2019 with an initial budget of £150 million to pilot a new approach to supporting first-time buyers, it is open to all first-time buyers in Scotland and can be used for new build and existing properties.
With an available budget in 2021-22 of £60m, the funding provided by the scheme this time around will help around 12,000 first-time buyers purchase their first home.
For further information please visit the Link Housing website
Angus Council Housing News 