Homestake deals
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Homestake deals are available through Communities Scotland and Homestake social landlords in Glasgow and Edinburgh.
The Homestake programme was withdrawn by the Scottish Government and has been replaced by the LIFT first time buyer scheme. See our dedicated pages for more information on the LIFT mortgage scheme.
If you’re searching for a Homestake deal, First Mortgage can help you find the very best offers from the whole of the market. We don’t charge a thing for our service, providing a totally impartial and free market search.
How does a Homestake deal work?
Homestake works in much the same way as a shared ownership deal. You own around 60% of the property, while a social landlord owns the rest (which you can buy back at a later date). First Mortgage can help you arrange a Homestake mortgage agreement in your area. Many lenders will not offer Homestake agreements, but some larger companies will.
Are you eligible for Homestake?
Homestake is currently only available in Scotland, having been set up by Communities Scotland, Edinburgh Council and Glasgow Council. Homestake is aimed at people who fall into one or more of the following categories:
Low income household
You cannot afford housing without Homestake
First time buyers
You have special housing requirements, for example housing for the elderly or disabled
You have had a significant change in your circumstances (for example a divorce or bereavement)
You need to live in a particular area for a special reason
You can also afford the repayments on the Homestake property
Call us on 0845 603 1525 for a FREE Homestake consultation with one of our friendly and experienced team. We are happy to discuss your situation and help you find a Homestake deal in your area.
The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
- Our whole of market service provides an unbeatable choice of mortgage lender.
- We have negotiated many ‘Exclusive’ market leading deals for our clients only.
- Your own dedicated mortgage advisor manages your application from start to finish.
- We do all the paperwork and work with lenders to ensure everything goes smoothly.
- Our mortgage advisors are expert in every type of money saving remortgage.
- Branches throughout Scotland
- Specialist help for first time buyers and homemovers with Property Law Centre
- Scotland’s longest established mortgage advisors
First Mortgage, the UK’s specialists in sourcing mortgages, remortgages and protection plans, are actively encouraging clients in Scotland (...)
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