Help to Buy Scotland passes huge milestone for first time buyers

Thu, 24 Mar 2016

Help to Buy Scotland passes huge milestone for first time buyers
Help to Buy Scotland has passed a new benchmark, as 8,000 people have now used the scheme to get their first home.

The Social Justice Secretary Alex Neil announced the news that the 8,000 mark had been surpassed, after £500m had now been invested into the scheme, since 2013.

This current scheme runs until the middle of April, when it will be replaced with a slightly different scheme, the Help to Buy Scotland Affordable Home Ownership scheme, which will then run until 2019. This new scheme is currently open for applications, so if you live in Scotland and are looking to buy your first home, this is definitely an option you should look into.

Overall, the target is for 15,000 homes to be supported through the scheme, a number that across the six years (2013-2019) seems to be on track.

Neil said: "With 8,000 households now helped to buy their own home and with the new scheme expected to support up to 7,500 more individuals and families to own a new home over the next three years, Help to Buy (Scotland) is making a real difference to people in Scotland.

"By targeting our resources at affordable homes our new scheme is tackling inequalities and widening access to home ownership, plus providing the private sector and construction industry with a huge boost."

Wherever you live in the UK, if you are looking to purchase your first home, check out the range of Help to Buy schemes and see if they can help get you onto the property ladder.
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