Help to Buy (Scotland) scheme used by more than 5,000 homebuyers

More than 5,000 families and first time buyers have purchased their home through the Help to Buy (Scotland) scheme, according to new figures released by Housing Minister Margaret Burgess.

A further 2,500 sales are expected to be completed this year through this scheme and the Help to Buy (Scotland) Small Developers scheme.

Over £305 million was allocated to the two schemes, far exceeding the original industry demand for £220 million and target of 4,500 homes.

The value of the 5,000 properties sold under the scheme since November, 2013 is over £1 billion.

Help to Buy (Scotland) has been developed and delivered in partnership with Homes for Scotland and the Council of Mortgage Lenders, representing the industry and lenders. They continue to work with Ministers to monitor the schemes.

Speaking ahead of her attendance later this week at Homes for Scotland's annual lunch, Burgess said: “Housing is, and will remain, at the heart of the Government’s ambitions to deliver a fairer and more prosperous country.

“By investing £305 million in the Help to Buy (Scotland) scheme, £85 million more than the house building industry originally requested, we have also stimulated the economy, created jobs and given the construction industry a huge boost.

“The 5,000 sales achieved has far exceeded the industry’s original target of 4,500 homes. This has provided thousands of families, couples and single people, including first time buyers, the help to move up or onto the property ladder.”

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email


2017-05-31 13:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 08:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 10:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 14:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 10:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 09:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 10:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 16:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?