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Help to Buy available in Scotland

February 2017

The government led Help to Buy scheme is open for applications in Scotland for properties under £200,000.

The Help to Buy New Build Scheme is a Scottish Government initiative which aims to help first time buyers and existing homeowners to buy an affordable new build home. Story Homes is delighted to be one of the participating housebuilders able to offer this popular scheme to housebuyers.

Head of Sales, Hayley Blair said; “If your application to the scheme is eligible, the Scottish Government will help you to buy a new build home so you don’t have to fund all of it. The scheme is open to first time buyers as well as existing homeowners and provides help for up to 15% of the purchase price of an affordable new build home.

“For further information speak to one of our Sales Executives at Summerpark, Dumfries or Pentland Reach, Biggar who will be happy to assist.”

There are maximum ceiling figures which will apply to the price of a home that you are able to buy with assistance from the scheme. You cannot buy a home under the scheme if it is more than the applicable ceiling figure. The maximum threshold figures are:

For financial year 2017/18 which is for purchases which complete on or before 31st March 2018, the threshold price is £200,000

For financial year 2018/19 which is for purchases which complete on or before 31st March 2019, the threshold price is £175,000

Applications for properties priced priced between £200,000 and £230,000 has closed.

For further information and a full list of terms and conditions see our Help To Buy (Scotland) leaflet or speak to one of our Sales Executives at Summerpark, Dumfries or Pentland Reach, Biggar where they will be happy to assist.