March 27, 2019
Saving up for a deposit to buy a home can seem like an incredibly stressful — and oftentimes impossible — feat.
The good news? Getting a foothold on the property ladder is now easier than ever thanks to the Help to Buy scheme, a government-backed incentive that helps you with up to 15% of the purchase price of a new build home.
And, since there are plenty of Help to Buy properties available in Glasgow, it’s entirely possible to secure your dream home in Scotland’s largest city with as little as a 5% deposit.
Simply put, the Help to Buy scheme is a government-funded initiative designed to help first-time buyers and existing homeowners purchase their new build home.
Through the scheme, you’re able to purchase a property with a 5% deposit and an 80% mortgage. The remaining 15% is provided by the government as an equity loan, which is interest-free for the term of the loan.
You can only use this scheme to purchase a new build home, however, and the maximum qualifying property value is £200,000.
The Help to Buy scheme has recently been extended for a further two years and will be available until March 2021 in Scotland – which means now is the perfect time to take advantage of this incentive.
If you’d like to learn more about the Help to Buy scheme rules and whether you’re eligible to apply, don’t hesitate to contact us today. Our friendly mortgage advisors are available to answer any questions and help guide you through the entire application process.
To make your property search a little easier, we’ve put together a list of homes for sale in Glasgow that qualify for the Help to Buy scheme (categorised by region).
Situated in the heart of Glasgow, Help to Buy homes in this area offer the best of city centre living. Whether it’s the ever-popular G1 postcode district or one of the city’s many up-and-coming suburbs, you’re guaranteed access to regular and reliable transport options and a wealth of amenities right on your doorstep.
Current Help to Buy properties available in Central Glasgow: Richmond Gate
Encompassing regions such as North Lanarkshire and East Dunbartonshire, the area northeast of Glasgow Central is highly attractive to first-time homebuyers for several reasons: it boasts excellent connectivity to the city centre, various local amenities, and affordable housing options catering to a wide range of budgets.
Current Help to Buy properties available in North East Glasgow: The Beeches, Lochside, Gartferry Meadow, Mosswater View, Burnside View, Oakwood
Northwest of Glasgow Central you’ll find a range of outlying villages within the G63 postcode district — including Balmaha, Drymen, and Killearn — along with some of the city’s most highly sought-after districts in nearby East and West Dunbartonshire. East Dunbartonshire, in particular, is renowned for its excellent schools, convenient transport links, and fantastic quality of life.
Current Help to Buy properties available in North West Glasgow: Braidfields
Comprised of commuter towns and villages such as East Kilbride, Rutherglen, Thorntonhall, and Blantyre, the area in and around South Lanarkshire is ideal for those looking to be within easy reach of Glasgow Central. With attainable property prices, strong transport links, and a laid-back environment close to the city centre, this region offers an array of fantastic benefits for prospective homebuyers.
Current Help to Buy properties available in South East Glasgow: Greenlees, Castle Gardens, Newton Farm, Tannochside Gardens, Benthall Farm, Greenhall Village, Oswald Court, Eastfields
Thanks to its increasing popularity, top-ranking schools, and fantastic transport infrastructure, the area southwest of Glasgow Central – which includes the in-demand district of East Renfrewshire – is home to one of Scotland’s strongest housing markets. Located only 20 minutes from Glasgow city centre, this region is ideal for commuters, young professionals, and growing families.
At First Mortgage, we know that buying your first property can be an overwhelming process — and that’s why we’re here to make your home buying experience a little less stressful.
If you’d like to know more about the Help to Buy scheme, or if you’re looking for advice on Help to Buy homes in Glasgow, our experienced mortgage advisors are always on hand to discuss your specific requirements.
And, whether you choose to contact us online, speak to us by phone, or pop into one of our branches in Glasgow, you can rest assured knowing our services are always 100% free!
If you need advice for first-time buying in Glasgow – or if you’re looking for a reliable mortgage broker in Glasgow – 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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