Extension to Help to Buy (Scotland) scheme
Continued support for house-building industry and buyers.
More than 2,000 households will be able to buy a new build home as the Help to Buy (Scotland) scheme is extended by a year to March 2022.
Supported by £55 million of funding for 2021/22, the extension will also help housebuilders to ensure their economic recovery over the years ahead.
Housing Minister Kevin Stewart said: “A strong, and growing, house-building industry is vital to Scotland's future economic prosperity – and, particularly, as we plan our strategic economic recovery from Covif-19. This extension will provide us with the opportunity to reassess future priorities for the market, taking account of economic conditions following the pandemic as well as providing a helping hand to those seeking to buy their own home.
“Since 2013, the Help to Buy (Scotland) scheme has supported people with the purchase of over 17,000 new build homes and, in particular, supported young people aged 35 and under.
"Extending this scheme will help more people to buy a new-build property, particularly those who have suffered lower levels of income and have used up savings due to the impact of Covif-19 in recent months.”