With a Help to Buy equity loan you could find the home that’s right for you with just a 5% deposit. The Scottish Government will lend you up to 15% of the property value through an equity loan.
You’ll only need to secure up to a 80% mortgage from a bank or building society, making that first step a little easier.
But hurry! The maximum price for homes included within the scheme is set to reduce soon. The threshold will reduce each year as follows:
- 2016/17 the maximum property value is £230,000
- 2017/18 the maximum property value is £200,000
- 2018/19 the maximum property value is £175,000
Check out our Help to Buy Frequently Asked Questions for more information on how Help to Buy could help you get moving.