Scotland's First Homes Fund is back - £10,000 towards a first home

Good news for anyone trying to get onto the property ladder in Scotland: the Scottish Government has relaunched its First Homes Fund, with the first round of applications due to open by the end of June 2026.

The scheme gives eligible first-time buyers up to £10,000 towards the deposit on a home worth up to £300,000. It works as shared equity - rather than a loan, the government takes a small share in your property in return for its contribution. There's no interest and no monthly payments on that share; it's simply repaid when you eventually sell. You'll still need your own deposit and a mortgage on top, and the full application details are expected closer to launch.

For most first-time buyers, the deposit is the single biggest hurdle - so an extra £10,000 can make a real difference to how soon you can buy.

If you're one of our financial planning clients, there's a fair chance you've got adult children at exactly this stage - and a nudge from you, plus a chat with us, could help them make the most of the scheme while it's available.

We do more than you might think

People sometimes have us down as "the pensions and investments people" - and we are (!) - but we also have an experienced mortgage team who help first-time buyers navigate schemes like this and find the right mortgage to go alongside.

Because we look after both sides under one roof, we can see how the pieces fit together rather than treating them in isolation: the right mortgage now, and the bigger financial picture for years to come.

Please note: Your property may be repossessed if you do not keep up repayments on your mortgage.