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First home fund, Scotland

Dribiddi
Dribiddi Posts: 120 Forumite
Eighth Anniversary 10 Posts
in House buying, renting & selling
Hi.

It’s quite a new scheme so maybe not but just wondering if anyone has applied for this yet? It is straight forward enough? Is it quite quick?

Thanks
«1

Comments

  • amieloustew
    amieloustew Posts: 57 Forumite
    Third Anniversary 10 Posts Name Dropper
    Bumping this as I would like to know if anyone has any applied, I'm looking to apply too.
    First Time Buyer (Scotland)
    DIP 13/02/2020 ~ Offer Accepted 02/03/2020 ~ Full Application 19/3/2020 ~ Valuation Booked 19/03/2020 ~ Mortgage Offer Issued 20/03/2020 ~ Completed 15/05/2020
  • claudia3771
    claudia3771 Posts: 1 Newbie
    First Post
    I applied for this 2 weeks ago and it was approved in 3 working days! Very straightforward (however, I had a MA). 
  • MovingForwards
    MovingForwards Posts: 17,180 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    https://www.gov.scot/policies/homeowners/first-home-fund/

    Link just in case anyone wants further information.

    I've never heard of it before today.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • amieloustew
    amieloustew Posts: 57 Forumite
    Third Anniversary 10 Posts Name Dropper
    claudia3771 said:
    I applied for this 2 weeks ago and it was approved in 3 working days! Very straightforward (however, I had a MA). 
    Not to be nosey, but what property have you purchased and what deposit/mortgage do you have? Very interested in this :)

    Also, amazing it was approved in 3 days, you must be delighted!
    First Time Buyer (Scotland)
    DIP 13/02/2020 ~ Offer Accepted 02/03/2020 ~ Full Application 19/3/2020 ~ Valuation Booked 19/03/2020 ~ Mortgage Offer Issued 20/03/2020 ~ Completed 15/05/2020
  • PaulaB77
    PaulaB77 Posts: 5 Forumite
    First Anniversary First Post
    I'm interested in using this scheme but my OH isn't so much. 
    Can I ask if you plan on paying back the government share in advance or when you come to sell?

  • Doug22
    Doug22 Posts: 2 Newbie
    First Post
    I’ve had recent experience of this scheme. Very straightforward and was approved in 5 working days. I applied for the full £25,000 with a new build property. My full experience of first time buying was very easy and painless if truth be told. I’m now about to conclude missives within a week of reserving my plot! Mortgage with Halifax was approved in 3 working days from application and FHF 5 days, instructed my solicitor and missives will be signed within the next week. 
  • amieloustew
    amieloustew Posts: 57 Forumite
    Third Anniversary 10 Posts Name Dropper
    Doug22 said:
    I’ve had recent experience of this scheme. Very straightforward and was approved in 5 working days. I applied for the full £25,000 with a new build property. My full experience of first time buying was very easy and painless if truth be told. I’m now about to conclude missives within a week of reserving my plot! Mortgage with Halifax was approved in 3 working days from application and FHF 5 days, instructed my solicitor and missives will be signed within the next week. 
    WOW!! it's so nice to hear something so positive on this forum ha!
    I wish you the best of luck in your new home when you get the keys :)
    First Time Buyer (Scotland)
    DIP 13/02/2020 ~ Offer Accepted 02/03/2020 ~ Full Application 19/3/2020 ~ Valuation Booked 19/03/2020 ~ Mortgage Offer Issued 20/03/2020 ~ Completed 15/05/2020
  • alanastill12
    alanastill12 Posts: 33 Forumite
    10 Posts First Anniversary Name Dropper
    Me and the OH have just applied for our mortgage and FHF today - will come back and update - i know i was looking through this forum for more info so wanted to add more so when other people look they can find some. :)
  • alanastill12
    alanastill12 Posts: 33 Forumite
    10 Posts First Anniversary Name Dropper
    Our first home fund was approved in 5 working days during lockdown. woo! 
  • _Lou2020
    _Lou2020 Posts: 1 Newbie
    First Post
    Has anyone applied for this but not included their other half?  I want to apply for mortgage only in my name but not sure if that can be done if other half will be living in the house?
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