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Can I Get a Help to Buy Mortgage in Scotland?

Scottish mortgages may differ from England, with varying governmental support schemes. Please visit our guide to understand how Help to Buy works in Scotland and whether it's a viable option for your mortgage application.

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Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

Almas Uddin2023-05-09
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Can I Get a Help to Buy Mortgage in Scotland?

Help to Buy runs throughout the UK, and is aimed at new-build property purchases. The scheme offers equity loans to help first-time buyers or home movers buy a primary residence with a lower deposit.

Here we'll look at how Help to Buy works in Scotland, and what eligibility criteria are different.

For help with finding competitive Help to Buy lending, give Revolution Brokers a call on 0330 304 3040, or drop us a message to [email protected].

How Does Help to Buy Work in Scotland?

There are two different Help to Buy initiatives in Scotland:

  • Affordable New Build Scheme
  • Smaller Developers Scheme

Both options are designed to offer an equity loan of up to 15% of the purchase value, with a minimum 5% deposit contribution so that you can apply for a lower mortgage LTV of 80%.

The only difference between the two schemes is the size of the developer or home building organisation you buy from.

You can only use Help to Buy in Scotland when buying a property built by a registered developer and must apply no more than nine months before your planned purchase date.

This scheme is due to end in April 2021, with an ongoing programme until 2023 but only available to first-time buyers.

As an example:

  • You wish to buy a house worth £175,000 and contribute the minimum 5% deposit.
  • You put down £8,750, and borrow a 15% equity loan of £26,250.
  • Your mortgage requirement is £140,000.
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What is the Help to Buy Scotland Application Process?

The system is slightly different from in England, and works like this:

  • First, you find a new build you'd like to buy, and get a reservation agreement from the developer - which they sometimes charge for.
  • Next, you apply to your local agent for Help to Buy support. They issue an Authority to Proceed notice if approved.
  • After that, you can submit your mortgage application.
  • If your mortgage is approved, the documents pass to your solicitor to agree. Then the deposit funds are collated from you, the government equity loan, and the balance funds from your mortgage provider, to pay the developer.

If you're unsure whether Help to Buy Scotland is right for you, or whether you are eligible, give us a ring on 0330 304 3040, and we'll walk through the steps with you.

What are the Pros and Cons of Using Help to Buy Scotland?

Like any financial option, there are advantages and disadvantages to consider before you apply to Help to Buy:


  • It is easier to purchase a home, with a lower deposit, and get onto the property ladder.
  • You can save money by having a smaller mortgage, and therefore reducing your regular outgoings.
  • Over time you can choose to buy back the equity shares, and increase your ownership of the property in 5% increments. You do need to pay the administrative charges, though.


  • You cannot sublet, remortgage, rent the property or make any renovations without permission from the Scottish government.
  • The government holds equity in your property until you pay back the loan, or buy out the shares.
  • When you pay back the loan, you pay back the proportion of the shares (i.e. 15%), at whatever that is valued based on the current market sale price of your property.

Can I Apply for Scottish Help to Buy?

To qualify, you’ll need to meet a few criteria:

  • The property cannot be worth over £200,000 and needs to be built by a registered builder.
  • You need to contribute at least a 5% deposit,
  • The mortgage needs to be on a repayment basis and at least 25% of the property value.
  • You need to make up the 85% balance with your deposit, and mortgage combined.
  • You can't own any other property, or be a part-owner.
  • The mortgage must be capped at 4.5 times your annual income, or 3.5 times your combined earnings if applying with a partner.
  • Your monthly outgoings must not be over 45% of your net disposable earnings.

If you're unsure whether you qualify, give the Revolution team a call or drop us a message at [email protected].

What are the Terms of Help to Buy Borrowing in Scotland?

The equity loan must be repaid in 25 years, and although it accrues no interest at all, if you sell the property, you must pay it back.

If you sell the property without having already paid back the loan, then the proceeds will be used to pay it back in full.

In terms of the mortgage, these work like any other mortgage product, although you must take out a repayment mortgage, not an interest-only loan. The standard term is 25 years, although this is variable.

What are the Help to Buy Differences in Scotland?

The main difference is that you can apply for an equity loan up to 15% of the property value - this is up to 20% in England and Wales.

In Scotland, the property is capped at a lower value - you can use Help to Buy to purchase a home up to £300,000 in Wales and £600,000 in England.

The big plus point in Scotland is that the equity loan is completely interest-free, for the lifetime of the lending - but in England and Wales, you start paying interest after the fifth year.

Expert Support with Help to Buy Mortgages in Scotland

The mortgage advisors team works with thousands of applicants wanting to assess which financial support schemes they are eligible for, and looking for the most affordable mortgage options for properties throughout Scotland.

Give us a call on 0330 304 3040, or email the team at [email protected] and we'll arrange a good time to talk.

Almas Uddin
Almas Uddin

Founder and Mortgage Advisor

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature.

We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.

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