First Home Fund

With the First Home Fund scheme you could buy your first dream home now with a £25,000 interest free equity loan and a 5% deposit

How does it work?

First Home Fund is a new scheme launched by the Scottish Government to help first-time buyers in Scotland purchase a home. The Scottish Government will provide an interest free equity loan of up to £25,000, you need to provide a minimum 5% deposit and your mortgage must be at least 25% of the purchase price.


You must be a first-time buyer who does not own, or has not previously owned, a property. If you are applying for a joint mortgage, only one applicant needs to be a first-time buyer to qualify for the scheme.

First Home Fund

With First Home Fund, you own the property outright, the Scottish Government will contribute a maximum of 49% equity loan based on the property valuation or purchase price, whichever is lower, up to a maximum of £25,000. The equity loan is only repayable when the home is sold.

Worked example

Heritage Grange

Purchase price

£200,000

Customer deposit

£10,000

Scottish Government loan

£25,000

Mortgage

£165,000

First Home Fund is available for first time buyers on all David Wilson developments in Scotland, discover your dream home now.

For full terms and conditions visit here.