First Homes Fund to launch in Clydebank and Milngavie

The first round of applications for the SNPs first time buyers' scheme is to open by the end of June <i>(Image: Canva)</i>
The first round of applications for the SNPs first time buyers' scheme is to open by the end of June (Image: Canva)
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A new scheme offering financial help to first-time home buyers will open for applications later this month.

The First Homes Fund will launch in Clydebank and Milngavie by the end of June, providing up to £10,000 towards a deposit.

It is expected to support around 2000 households in the first 100 days and up to 50,000 during this Parliamentary term.

The scheme has a property value cap of £300,000 and is open to all eligible first-time buyers.



Marie McNair, MSP for Clydebank and Milngavie, said: "Too many people across Clydebank, Milngavie, and Bearsden North, especially younger people, are struggling to buy their first home.

"People are saving where they can, but struggling to save enough for a deposit.

"That’s exactly why we are getting on with delivering this landmark policy that will support people to get on the property ladder with up to £10,000 towards a deposit.

"I would encourage everyone eligible for this support to apply when applications open in June."

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