With Help to Buy (Scotland), you will need only a 5% deposit to buy a new home. The Scottish Government will provide you with an interest-free equity loan up to 15% of the value of the property, which means you may only need to get an 80% mortgage. The Help to Buy equity loan can be repaid at any time or on the sale of your home.
The scheme is available to anyone – whether you’re a first-time buyer or you’re moving on from your existing home.
The Help to Buy interest-free equity loan is exclusively available on new build properties in Scotland with a value of £200,000 and is available until March 2022.
The equity loan could reduce your mortgage repayments, making this an affordable option.
CCG Homes is a member of the Help to Buy Small Developers Scheme. Get in touch today and we’ll explain how Help to Buy could work for you.