First Home Fund scheme
Last updated: 7 February 2020

How it works

Through the First Home Fund, you could get up to £25,000 towards the costs of buying your first home. This money comes from the Scottish Government.

This means the Scottish Government would own a share in your property.

For example, if you buy a property for £100,000 and get £25,000 from the fund, the Scottish Government would own 25% of your property.

You will still own the property and have 'complete title' and deeds to your home. However, there will be a mortgage (or 'standard security') on the property to make sure the government's share is protected.

If you decide to sell the property, the Scottish Government will receive a share of the money.


If you get support from the First Home Fund you still own your home. This means you will need to pay for your:

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