First-time buyer round-up — week beginning 14 February, 2021
The Scottish Government's First Home Fund (FHF) is set to reopen on 1 April.
Due to high demand, the scheme, which provides loans of up to £25,000 to boost first-time buyers' deposits, closed to new applications in October last year.
And while Help to Buy is no longer available, the FHF is another option for first-time buyers.
That said, given it only applies from 1 April this year until the end of next March, and considering how popular the pilot was, if you're looking to use it to make your first home purchase more affordable it makes sense to move fairly quickly.
With the scheme, buyers need to have around 5% of the value of their new property as a deposit. The Scottish Government's contribution is secured on the home's equity.
The benefit for you as a first-time buyer is that, with a larger deposit, you're more likely to be able to access more mortgage products with better interest rates, meaning lower monthly repayments. And of course, our mortgage experts can help find a deal that suits too.
Meanwhile, for some inspiration, we've pulled together a round-up of properties that are perfect first-time buys. And there are many more to check out on our for sale listing page.
42E Regent Quay, Aberdeen, AB11 5BE — offers over £96,000
This oak parquet flooring is just beautiful.
20 South Mount Street, Rosemount, Aberdeen, AB25 2TB — offers over £100,000
This smart one-bed's in Rosemount, and area that's always popular and has loads going on.
33c Mugiemoss Road, Aberdeen, AB21 9HE — offers over £110,000
Three bedrooms, a smart interior and an exclusive garden area. A perfect first-time buy!
27 Orchard Street, Aberdeen, AB24 3DA — offers over £120,000
This self-contained two-bed has some brilliant period touches, and it's in a great spot too for the city centre, the beach and the University of Aberdeen.
13 Nicol Place, Portlethen, Aberdeenshire, AB12 4QE — offers over £165,000
If your first home's a family home, this Portlethen three-bed is perfect.
54e Erroll Street, Aberdeen, AB24 5PP — offers around £145,000
This apartment, recently reduced in price, is in a great spot for the city centre, the University of Aberdeen and the beach. It also has its own parking space.
96a Constitution Street, Aberdeen, AB24 5EX — offers over £70,000
This lounge and kitchen is a great social space.
40 Wallfield Crescent, Aberdeen, AB25 2LA — offers around £85,000
This smart flat is move-in ready.
9 Great Western Place, Aberdeen, AB10 6QN — offers over £119,500
This large, bright bedroom has bags of space.
17 Allan Street, Aberdeen, AB10 6HN — offers over £90,000
We love this stylish, modern kitchen.
40 Thomson Street, Aberdeen, AB25 2QP — offers over £105,000
We love this smart living room with its original hardwood floors.
47E Sunnybank Road, Aberdeen, AB24 3NJ — offers over £99,000
This two-bed is bright and modern, plus all furniture is available by separate negotiation.
17G Northfield Place, Aberdeen, AB25 1SA — offers over £59,995
Here's a great first-time buy where you can really make your mark.
97 Gairn Mews, Gairn Terrace, Aberdeen, AB10 6FP — offers over £122,000
This two-bed flat is immaculate, and it's in a great location close to Duthie Park.