Help to Buy (Scotland) is a shared equity scheme, which first launched in September 2013, and was aimed at supporting Scotland’s house-building industry following the financial crisis. It isn’t available for part-exchange, buy-to-let, or self-build properties.
The scheme is made up of two parts - the Affordable New Build and the Smaller Developers schemes. The schemes currently provide up to 15 per cent equity towards the purchase of new-build homes up to a value of £200,000.
The new guidance offers advice on:
- Maximum purchase prices and allocated budgets
- Registering for the scheme
- Guidance for home builders
- General rules
- Warranties
- Reservation Fees
- Participation Agreement
- Scheme criteria
- Help to Buy branding
