Wednesday, July 16, 2014
The Scottish government's Help to Buy scheme has run out of money for this financial year - only three months after a new round started. All the funds allocated for the central area of Scotland has now been allocated. Anyone hoping to get a Help to Buy there before next April will now have to find the extra money elsewhere or let their house deal fall through. Ã‚Â£140 million was allocated for the 2014/14 round of the scheme, which allows homebuyers to purchase new-build properties with as little as 5% deposit, with the Scottish government taking an equity stake of up to 20% of the purchase price.