First Home Fund Scotland
Get up to £10,000 towards your first home
A helping hand onto the property ladder in Scotland
Imagine having up to a £10,000 contribution towards the price of your new home in Scotland. With the First Homes Fund, backed by the Scottish Government, that could be a reality.
The First Homes Fund is a new buying scheme that launched in June 2026. If you're a first-time buyer in Scotland, this scheme is designed to make buying your first home simpler, more affordable, and within reach sooner.
What is The First Homes Fund?
The First Homes Fund is a shared equity scheme backed by the Scottish Government. It helps first-time buyers purchase a new home by providing a financial contribution towards the purchase price.
The Scottish Government can contribute up to £10,000 towards the price of a home with a value of up to £300,000*, reducing the amount you need to fund through a mortgage and deposit.
How do I buy a Keepmoat home with the First Homes Fund?
According to the Scottish Government, you purchase your home with a mortgage and deposit while the Scottish Government provides an equity contribution of up to £10,000. The Scottish Government has said that you will own the property and hold the title, with no monthly repayments or interest charged on the Government’s share. The Scottish Government retains a percentage equity stake that is normally repaid when you sell your home.
Who is eligible for First Homes Fund?
To qualify for the Scotland’s First Homes Fund you must be:
- A first-time buyer
- Buying a home in Scotland
- Purchasing a property worth up to £300,000
- Can get a mortgage for the remaining amount
Take the first step towards your new home
Getting onto the property ladder doesn’t have to feel out of reach. With a contribution of up to £10,000 to your purchase price, you could be closer to owning your first home than you think. Speak to a Keepmoat Sales Executive today to find out how the First Homes Fund could work for you.
Terms and conditions
Eligibility & Availability
- This offer is available on selected developments and plots in Scotland only, subject to availability and applicable on new reservations only.
- The scheme is available to First Time Buyers (FTBs) purchasing a property in Scotland, in line with the Scottish Government First Homes Fund eligibility criteria.
- For joint applications, at least one applicant must be a First Time Buyer and no applicant may own another property at the point of completion.
- The property must be the purchaser’s sole residence.
Government Contribution
- The First Homes Fund provides a Scottish Government shared equity contribution of up to £10,000 towards the purchase of a property.
- The Scottish Government contribution cannot exceed 49% of the property value or purchase price (whichever is lower).
- Where the agreed purchase price differs from the valuation, the equity share will be calculated in accordance with Scottish Government guidance (based on the lower of price or valuation where applicable).
- The contribution is provided by the Scottish Government and not Keepmoat. No cash payments will be made directly to purchasers.
Application Process
- Applications must be submitted after a reservation has been made and before missives are concluded.
- A £650 administration fee is payable by the purchaser to the Scottish government (via their representative) once an Award Letter is issued and must be paid at least three weeks prior to completion. If this is not paid, the Scottish government will be unable to pay the contribution.
Buyer Requirements
- Purchasers must secure a capital repayment mortgage of at least 25% of the purchase price.
- Interest-only mortgages and cash purchases are not eligible under the scheme.
- All purchasers must pass the scheme affordability/sustainability assessment, including ensuring mortgage and debt repayments do not exceed the applicable threshold of net disposable income.
- Purchasers are responsible for obtaining independent financial and mortgage advice.
Price & Incentives
- The maximum purchase price under the scheme is £300,000.
- Keepmoat may offer additional incentives on selected plots (subject to availability and agreement at reservation). This is entirely at Keepmoat’s discretion.
- Part exchange is prohibited under the First Homes Fund.
- Any incentives offered by Keepmoat will be confirmed prior to reservation and may vary by development or plot.
Reservation & Purchase Terms
- Reservations must be completed in line with site-specific deadlines where applicable.
- The purchase must proceed in accordance with Keepmoat’s standard reservation and sales process.
- Failure to proceed within agreed timelines, or failure to meet scheme eligibility criteria, may result in withdrawal from the scheme. Keepmoat is not liable for any costs incurred or fees paid by a purchaser in these circumstances.
General Scheme Conditions
- This offer cannot be applied to existing reservations.
- This offer cannot be used for Buy to Let or investment purchases.
- This offer may not be used in conjunction with any other offer or selling scheme unless expressly agreed by Keepmoat.
- Keepmoat is not responsible for the administration, approval, or continuation of the First Homes Fund scheme.
Changes & Withdrawal
- The First Homes Fund is a Scottish Government scheme and may be amended, withdrawn, or closed at any time without notice.
- Keepmoat reserves the right to withdraw or amend any associated incentives or offers at any time prior to payment of a reservation fee
Legal & Compliance
- This offer does not affect your statutory rights or any rights conferred by the New Homes Quality Code, including the 14-day cooling-off period.
- Full details of the First Homes Fund scheme are available via the Scottish Government and administering body.
- Keepmoat makes no representation or warranty regarding eligibility for or approval of the scheme.
Important Information
- Other costs (including but not limited to legal fees, LBTT, and moving costs) will apply and are the responsibility of the purchaser.
- Homes may be repossessed if you do not keep up repayments on your mortgage.
