01224 516 888

Help to buy (Scotland)

Did you know that you can buy a new property with only 5% deposit?

  • 1. Help to Buy (Scotland) affordable New Build Scheme

The Help to Buy (Scotland) affordable New Build Scheme is designed by the Scottish Government to help people buy property with a minimal deposit. The scheme is perfect for first time buyers hoping to buy their first home but also open to those selling up and looking to purchase new property.

You will need only a 5% deposit to buy a new home.

The Scottish Government may lend you up to 15% of the value of the property, which means you only need to get an 80% mortgage.

help to buy

Help to Buy (Scotland) offers an interest free loan. The equity loan can be repaid at any time and is based on the value of the property at the time of repayment.

You will own the property outright.

The scheme is only available on new build homes from participating home builders.

Help to Buy is capped at £230,000 in 2016 and will reduce each financial year.

Timescale                                           Maximum property value

1st March 2016   – 31st March 2017                              £230,000
1st April 2017       – 31st March 2018                              £200,000
1st April 2018       – 31st March 2019                              £175,000

The home must be your only residence, and you must not own or part-own any other residential property.

The scheme is not available to a single person who requires a mortgage of more than 4.5 times their income or couples that require a mortgage of more than 3.5 times their joint income.

The Help to Buy (Scotland) scheme loans are subject to the Scottish Government terms, conditions and their qualifying criteria.

  • 2. Help to Buy: Mortgage Guarantee Scheme

If you can afford to repay a mortgage to purchase a newly built or an existing property but don’t have a large deposit, this scheme will benefit you by giving you access to low deposit mortgages. The scheme will be open until 31 December 2016.

Mortgage guarantee scheme works in exactly the same way as any other mortgage except that under the scheme the Government offers a guarantee to the lenders.

Because of this support, lenders taking part are able to offer home buyers mortgages up to 95% loan to value.

You will still be fully responsible for your mortgage repayments. So if you have a 5% deposit, you will need to take out and pay back a 95% mortgage.

If you need any Mortgage or Protection advice then we are here to help you, please call 01224 516 888 or click here. We are based in the West End of Aberdeen and are happy to travel to your home or place of work. We can also set-up an appointment at our Queen’s Gardens office or meeting room in the city centre. Weekend appointments also available!

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your property may be repossessed if you don’t keep up repayments on a mortgage or any debt secured on it.

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Tel: 01224 516 888

Business Hours:
Monday to Sunday - 08.30 to 22.00

Weekend Appointments available!

Terms & Conditions

Our charges are based on two considerations: the loan amount and the complexity of your individual circumstances. We will provide you with a free initial consultation and we will always explain what you will be charged before you decide to proceed with an application. As we offer a bespoke service our fees can vary. We do not charge an application fee. Once your mortgage offer is issued we charge a broker fee of £195.00. If your circumstances are more complex, we may charge a higher fee. Our maximum fee is 1.5% of the loan value. These fees apply to regulated mortgages. Certain mortgages, primarily most buy to let and commercial mortgages, are not regulated. Fees for non-regulated mortgages can vary depending on your requirements and circumstances.


Your property may be repossessed if you do not keep up repayments on your mortgage.

Ken Lee is a Registered Individual of Blueberry Wealth Ltd. Prosperity Mortgages is a trading style of Blueberry Wealth Limited, which is authorised and regulated by the Financial Conduct Authority (626661).

Blueberry Wealth Limited is registered at Companies House, company number is 08722345, registered office address is Spirare Limited, Mey House, Bridport Road, Poundbury, Dorset, United Kingdom, DT1 3QY. The Financial Conduct Authority does not regulate some investment mortgage contracts. Calls may be recorded for training and compliance purposes.

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Bluesky Westpoint Prospect Road Arnhall Business Park
AB32 6FJ
Phone: 01224 516 888