Find your local branch


view details


view details


view details


view details


view details


view details


view details


view details


view details


view details


view details


view details


view details

Southampton & Portsmouth

view details


view details

West Yorkshire

view details

First Home Fund from the Scottish Government

The First Home Fund was launched by the Scottish Government in December 2019 to help first-time buyers buy their first property. The government will provide loans of up to £25,000 towards the purchase of a property under a shared ownership arrangement. The scheme will run until the £150m fund has been drawn down, or to March 2021.

Currently, there are 10 lenders participating in the scheme, and others are expected to join in early 2020.

If you are interested in more information, or to apply for the First Home Fund, we at First Mortgage are here to help. We can also advise on the other Scottish Government schemes you may be eligible for.


Scheme details

  • Both new build and existing properties may be purchased.
  • There is no cap on the maximum property value. The First Home Fund contribution cannot exceed the lower of 49% of the value of the property, or £25,000.
  • Properties can be purchased above market value. However, the equity share will be calculated based on the property valuation, or the purchase price if lower.
  • There is no fixed deadline for repayment and no interest is charged.
  • On the sale of the property, the Scottish Governments equity share is calculated on the sale price and repaid in full.
  • Homeowners may increase their share at any point, in tranches of 5% or more. If their share is at 90%, it can only be increased to 100%.

Contact us today to get started on the home buying journey with help from the First Home Fund.

How Much Can I Borrow?

Your advisor will calculate exactly how much you can borrow based on your personal circumstances, and what that would cost, whilst explaining the purchasing process in simple terms – no jargon!

Single Application Joint Application

Great news, you could borrow up to: £45,000

Great news, you could borrow up to: £35,000

To find out exactly how much you can borrow based on your specific circumstances, please make an enquiry to speak to an advisor.

Quick Enquiry

Eligibility criteria


  • The scheme is only open to first time buyers who have not previously owned a property anywhere in the world. If there are joint applicants, only one is required to be a first time buyer.
  • The property purchase must be at least 25% funded by a capital and interest repayment mortgage.
  • The applicant(s) must put down a minimum deposit of 5%.
  • The property must be the applicant’s sole residence. It may not be let out.
  • The First Home Fund cannot be combined with any other Scottish Government schemes.
  • Help to Buy ISA or LISA funds may be used towards the deposit.
  • Applicants must have had an offer accepted (even if verbally) before applying.


Client Reviews

Say goodbye to fees

We won't charge you a penny. Ever.

We’re not just any mortgage broker – we’re a free, award winning mortgage broker with access to the best deals out there. And there’s no catch. While most mortgage brokers will charge you a hefty fee for using their service, we don’t. Our service is funded entirely by mortgage lenders, so you can bid farewell to advice fees. Did we mention we’ll even do all the paperwork for you?

No hard sells. No obligation. Just fee-free advice.

Our Promise

Because your peace of mind matters to us.

We’re so confident in finding the best mortgage deal available to you that every mortgage we source comes fully backed by our one of a kind mortgage guarantee.

If you can get a better mortgage offer from anywhere else, we’ll give you £500.

Not Quite Ready?

That's alright, we know it's not everyday that you get a mortgage.

How much can I borrow?

Find out how much you could borrow

Find out more

Payment Calculator

Calculate your repayments

Find out more

Stamp Duty Calculator

Work out how much stamp duty you’d need to pay

Find out more