How the First Homes Fund works

You can get up to £10,000 to help you buy your first home through the First Homes Fund. The money comes from the Scottish Government which means they'll own a share of your home.

You'll still own the property and have complete title and deeds to your home. However, you'll need to have a mortgage on the property to make sure the Scottish Government's share is protected.

You can find more information about how the scheme works in the First Homes Fund buyers leaflet on gov.scot.

Your responsibilities

Even though the Scottish Government will own a share of your home, you'll still be responsible for paying your:

• mortgage
• buildings insurance
• home contents insurance
• repairs and maintenance
• Council Tax
• heating, lighting and water bills
• fittings and furniture