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First Home Fund Scotland Calculator. Bumping this as i would like to know if anyone has any applied, i'm looking to apply too. Properties can be purchased above market value.
AN INTREPID team from the North West region of Lovell Homes has from www.lovell.co.uk
The first home fund aims to help first time buyers get onto the property ladder. This amounts to a reduction of £412 million. We are delighted to support the scottish government’s new first home fund scheme.
The First Home Fund Is A New Scottish Government Scheme To Help First Time Buyers Take Their First Step Onto The Housing Ladder.
The low cost initiative for first time buyers (lift) continues to be available to support prospective buyers. In the aftermath of the covid19 pandemic, it’s become harder than ever to secure a mortgage with a low deposit. There are no caps on the value of the property that can be purchased through the scheme.
First Time Buyer (Scotland) Dip 13/02/2020 ~ Offer Accepted 02/03/2020 ~ Full Application 19/3/2020 ~ Valuation Booked 19/03/2020 ~ Mortgage Offer Issued 20/03/2020 ~ Completed 15/05/2020.
The first home fund is a shared equity scheme which allows first time buyers to purchase their new home with assistance from the scottish government. Following an announcement made by the scottish government on thursday 9 th july, the first home fund has been extended by £50 million and will run until 31 st march 2021. This scheme is available for first time buyers buying an existing or new build property in scotland.
The Scheme Provides Funding Assistance Up To A Maximum Of £25,000 Or 49% Of The Property’s Value, Whichever Is Lower.
No matter where you are in the uk we are here to help you buy your first home. However, the equity share will be calculated based on the property valuation, or the purchase price if lower. The first home fund provides loans of up to £25,000 to first time buyers to help boost their deposit to purchase a property in scotland.
This Scheme Covers Second Hand Properties And New Builds Too.
The scottish government will provide a maximum equity loan of £25,000. This short video explains the main difference a. Documents relating to the first home fund;
The Scheme Initally Opened For Applications On 18Th December 2019 And Then Again On 1St April 2021.
The scheme is open to first time buyers, who are those who have not previously held title to a property. Based on a £250,000 purchase price. The scheme gives buyers up to £25,000 towards the purchase of both new build and existing properties.
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