What are LIFT Mortgages in Scotland?

What is a Scottish lift mortgage, when might you need one, and are you eligible for the ideal mortgage product?

About your mortgage

Error: Yearly income income must be between £1 and £10,000,000.

Error: Regular bonus must be between £1 and £10,000,000.

Based on your yearly income, you may be able to borrow:


Most lenders will let you borrow 4.5 times your annual salary so, as long as you have a standard 10% deposit, you should be able to borrow this much.


Depending on your personal circumstances, some lenders may let you borrow 5 times your salary.


Lenders usually cap the amount they lend at 5.5 times your salary, so it’s unlikely you’ll be able to borrow more than this.

This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.

What are LIFT Mortgages in Scotland?

The LIFT mortgage scheme in Scotland stands for Low-cost Initiative for First-time Buyers. It is designed to make it easier for first-time buyers to get onto the property market.

The Scottish Open Market Shared Equity Scheme, aimed at buyers who have lower-incomes, manages this initiative.

In essence, the scheme provides 10% to 40% funding towards the cost of a home to help successful applicants.

Here we'll run through how LIFT works and who is eligible. If you are looking for a LIFT mortgage or need more advice about financial support schemes, give the mortgage advisors team a call on 0330 304 3040, or email us at info@revolutionbrokers.co.uk.

How Can the Scottish LIFT Scheme Help me Buy a Home?

The Scottish Government will finance a proportion of your property purchase cost and own the stake that they fund.

Your share needs to be between 60% and 90% of the property, and they will pay for the remaining balance.

There are rules about the types of property that you can purchase through LIFT, and you can only buy a home that is deemed as suitable for your needs and the size of your family.

Each region has a different price limit, determined by the local authority in that area.

To be eligible to apply, you need to meet these requirements:

  • Be at least age 18 and a UK citizen.
  • Purchase a property in Scotland.
  • Usually, be a first-time buyer.

Who Gets Priority for the Lift Mortgage Programme?

All first-time buyers in Scotland can apply. Still, if you fall into one of the below categories, you will get priority:

  • Renting from a council or housing association.
  • Disabled people.
  • Aged over 60 years old.
  • Member of the armed forces, or a veteran who has left the forces within two years.
  • A service personnel partner or widowers for up to two years following the bereavement.

Does the LIFT Mortgage Scheme Require a Deposit?

The scheme itself doesn't, but your lender might well do. Most mortgage lenders need a 5% deposit as an absolute minimum, with 10% or 15% being more common.

Your lender will assess your application to decide what they can offer to lend and what size deposit they require. The factors include:

  • Your age and type of employment.
  • How much you earn and how much you spend.
  • Your credit history.
  • How old you are.

Can I Use an Online Calculator to Work Out the Costs of a LIFT Mortgage?

There are plenty of calculators online, but these can only ever provide a rough estimate, so they shouldn't be relied on for accurate information.

Suppose you need to know whether you are eligible for a LIFT mortgage, how much you can borrow, or what deposit you require. In that case, the best option is to consult an independent broker who can calculate this for you customised to your circumstances.

Why Revolution Brokers?
  • Whole of market brokers

  • Mortgage that suits you

  • On time customer support


How does our broker-matching service work?

Yes, you can. You can increase your share in your home up to 100% in most regions.

You can sell the property but will need to pay back the Scottish Ministers for its proportion of your home.

Unfortunately not. However, you can purchase any property on the open market, provided it fits your living requirements and the local pricing caps.

Many mortgage providers will offer a product suitable for a property purchase with LIFT financing. The rates and terms vary significantly between lenders, so it is highly advisable to seek support from an independent broker to ensure you get the best rates.

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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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