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


Customer deposit


Scottish Government loan




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.