Help to Buy Equity Loan (Scotland) Affordable New Build Scheme

On 1 March 2016, the Scottish Government is launching their revised Help to Buy scheme, with £195m of new funding available until 31 March 2019.

The scheme is available on New Build properties in Scotland only, and all homebuyers including first time buyers and home movers are eligible to apply.

There are two important changes from their previous Help to Buy scheme:

  • A reduced Equity Loan contribution from 20% down to 15%, which means your clients will now require a 10% deposit to meet our lending criteria of 75% LTV on New Build Flats.
  • The price of homes supported by the scheme will progressively reduce each year, with a maximum value of £230,000 in 2016/17, £200,000 in 2017/18 and £175,000 in 2018/19.

We won't be changing our lending criteria to reflect the launch, so please ensure you check our Equity Share Loan criteria page before submitting an application.

Read our helpful Equity Share Loan keying guide

Help and Support

If you have any questions, please contact your local BDM or your regional Dedicated Broker Support team through Broker Chat or on 0800 545 3131.