The SNP’s latest use of freebies to buy votes (which the Scots keep falling for).
Of course, it’s not a free £10,000 grant—it’s a shared-equity scheme (like an interest-free equity loan) where the Scottish Government takes a proportional ownership stake in the property, which is repaid later.
You need to qualify for a mortgage in the usual way first. Then you can take Scot Gov’s £10k to help with the deposit.
If that comes to say, 5% of the purchase price, when you come to sell, say for £300,000, then you will pay back Scot Gov £15,000.
The SNP government will give you up to £10,000 towards a deposit on your first home. 🏡🏴
Vote SNP on Thursday 18th of June. 🟡🟡