March 27, 2019
The Help to Buy Scheme has now closed to new applications. Builders may be offering shared equity and other promotions, but these are not backed by the Government, as Help to Buy was.
For those wanting to buy their first home, saving up enough money for a deposit can often be the biggest barrier. That’s why the government started its Help to Buy scheme, which makes it easier to take the first step towards home ownership.
With the Help to Buy (Scotland) scheme, your mortgage lender will require you to contribute a deposit of 5%, with your mortgage and deposit covering a combined minimum of 85% of the total purchase price of your property. The government will, in turn, contribute a 15% equity loan to make up the rest of the price.
You can use the Help to Buy (Scotland) scheme whether you’re a first time buyer or an existing homeowner, although you must use it to buy a new build home from a participating home builder. You must be buying the house to live in, rather than to rent out, and you won’t be able to take advantage of the scheme if you own or part-own another residential property.
There are plenty of Help to Buy properties in Dundee, so you’re sure to find your perfect home. We’ve rounded up all the Help to Buy Dundee homes for you to make your house search easier.
If you want to live in the heart of the action, look for a Help to Buy property in the centre of Dundee. Living in the city means you’ll have access to great transport options, including buses and trains, and you’ll live close to all of Dundee’s best pubs, restaurants, shops and cultural attractions.
Help to Buy properties in Central Dundee: None currently available
Living to the northeast of Dundee is a great option if you want a slice of coastal life whilst still living within easy commuting access to the city. Here, you’ll be able to enjoy the beaches of Angus, and you’ll also be close to Aberdeen.
Help to Buy properties in North East Dundee: None currently available
If you want to buy a house in one of Dundee’s quiet suburbs, check out the Help to Buy options to the northwest of the city. There are plenty of small, picturesque villages in this region, as well as easy access to the Cairngorms National Park – perfect for outdoor lovers.
Help to Buy properties in North West Dundee: None currently available
There’s a great choice of commuter towns to the southeast of Dundee, which offer a quieter pace of life with good transport links to the city. Towns including Tayport and Newport-on-Tay are based on the coast, and there are some excellent green spaces in the area for families to enjoy.
Help to Buy properties in South East Dundee: None currently available
Living southwest of Dundee, you’ll enjoy the best of rural Fife, whilst also having easy access by road to Dundee. There are many towns and villages clustered along the River Tay, with the expansive Lomond Hills Regional Park offering green space, perfect for exploring alone or with the family.
Help to By properties in South West Dundee: None currently available
If you need advice for first-time buying in Dundee – or if you’re looking for a reliable mortgage broker in Tayside – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
March 27, 2019
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