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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.

Regent Quay 42e 19 5833

42E Regent Quay, Aberdeen, AB11 5BE — offers over £96,000

This oak parquet flooring is just beautiful.

South Mount Street 20 19 3600

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.

Mugiemoss Road 33 C 20 8054

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!

Orchard Street 27 20 6698

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.

Nicol Pl 13 20 9296

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.

Errol Street 54 E 18 8368

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.

Constitution Street 96 20 0362

96a Constitution Street, Aberdeen, AB24 5EX — offers over £70,000

This lounge and kitchen is a great social space.

Wallfield Cres 40 17 5948

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.

Allan Street 17 21 0013

17 Allan Street, Aberdeen, AB10 6HN — offers over £90,000

We love this stylish, modern kitchen.

Thomson Street 40 21 4548

40 Thomson Street, Aberdeen, AB25 2QP — offers over £105,000

We love this smart living room with its original hardwood floors.

Sunnybank Road 47 E 21 2090

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.

Northfield Place 17 G21 0405

17G Northfield Place, Aberdeen, AB25 1SA — offers over £59,995

Here's a great first-time buy where you can really make your mark.

Gairn Mews 97 EXT 21 5456

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.

Nicola Reid

Nicola is an experienced conveyancer and specialises in all aspects of residential property sales, including sales, purchases, remortgages and securities. Nicola regularly prepares deeds of condition and pro forma offers, as well as negotiating, reviewing and concluding missives. She advises a number of prominent housebuilders in Aberdeen, and deals with high value property purchases.

Posted, 14 February 2021 by Nicola Reid
Categories: Private client | Residential property