Written Question · S6W-17022 · Session 6
What plans it has to develop new Help to Buy schemes for first-time buyers.
The question
To ask the Scottish Government what plans it has to develop new Help to Buy schemes for first-time buyers.
The answer
The Scottish Government does not plan to reopen or develop new Help to Buy schemes for first-time buyers.
Key findings from the evaluation of the Scottish Government’s shared equity schemes showed that 80% of Help to Buy buyers would have been able to purchase a property which met their needs without financial assistance.
We continue to support home ownership through various interventions to help first time buyers. This includes our Low Cost Initiative for First-Time Buyers (LIFT) scheme which helps people on low to moderate incomes to buy their first home either through the open market (Open Market Shared Equity) or new build (New Supply Shared Equity). Support is also available through the Self Build Loan Fund.
Key findings from the evaluation of the Scottish Government’s shared equity schemes showed that 80% of Help to Buy buyers would have been able to purchase a property which met their needs without financial assistance.
We continue to support home ownership through various interventions to help first time buyers. This includes our Low Cost Initiative for First-Time Buyers (LIFT) scheme which helps people on low to moderate incomes to buy their first home either through the open market (Open Market Shared Equity) or new build (New Supply Shared Equity). Support is also available through the Self Build Loan Fund.
In the Official Report
No contribution in the Official Report cites S6W-17022 by reference.