Help to Buy Scotland gets fund boost for small developers

Wed, 28 Jan 2015

Help to Buy Scotland gets fund boost for small developers
The Scottish government has now launched the Help to Buy (Scotland) Small Developers scheme, an extra £30m to bolster the scheme, which was announced last year.

The extra money is hopefully going to support as many as 170 small building developers by letting the government buy equity in the new build homes, in much the same way that the Help to Buy scheme does. The crucial difference though is that the funds are ring-fenced for the smaller developers, who may not have had much of a look in on the original Help to Buy scheme.

First Minister Nicola Sturgeon said: "So this new support of £30 million will be ring-fenced to support purchases from 170 smaller building companies that develop thousands of quality homes across the country. These are often in remote locations and keep much needed jobs and skills in rural areas, while having a positive knock on impact on the wider economy."

The original Help to Buy funds ran out in Scotland in the first few months of becoming available, much quicker than expected.

The smaller developers are more likely to look to develop smaller sites, sites out in the country or expanding smaller settlements. This should help to spread first time buyer homes out and make them more available in more areas, and make sure that there isn't too much focus around the cities.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch