MONDAY, JUNE 1, 2026|No. 1131
Housing · Policy · Scotland

Scottish First-Time Buyers Eligible for Up to £10,000 Deposit Support

A new shared-equity scheme offering up to £10,000 towards deposits for first-time buyers in Scotland opens for applications by the end of June.

The First Homes Fund offers eligible first-time buyers up to £10,000 towards a deposit on homes up to £300,000.
1 sources
Pipeline ingest
3 reads
Positive / Neutral / Negative
1 countries
Related coverage

INVERCLYDE'S MSP is encouraging first time buyers to apply for support worth up to £10,000 when a new shared-equity scheme launches next month.

The First Homes Fund will be open to all prospective owners looking to step on to the property ladder, with a value limit of £300,000 on the home purchased.

Those eligible could receive up to £10,000 towards a deposit.

The first round of applications for the scheme is set to open by the end of June.

It is anticipated that the first phase will see more than 2,000 households during the Scottish Government's first 100 days in office, and 50,000 by the end of the parliamentary term.

Stuart McMillan, MSP for Inverclyde, said: “Too many people across Inverclyde, especially younger people, are struggling to buy their first home.

"People are saving where they can but struggling to save enough for a deposit.

“That’s exactly why we are getting on with delivering this landmark policy that will support people get on the property ladder with up to £10,000 towards a deposit.

"During the election we said we would support first time buyers, and now we are delivering – that’s what you get from John Swinney's trusted and reliable leadership that is firmly on Scotland’s side.

"I would encourage everyone eligible for this support to apply when applications open in June."

PAN's pipeline reviewed approximately 1 open sources for this article. No human editor reviewed this article before publication.

Related Reads

Show on timeline →