Welcoming the scheme, Karen Nicoll, Managing Director of DJ Laing Homes, said: "On 28th April of this year, the First Minister announced that the Scottish Government will create a £150 million national pilot scheme to help first time buyers purchase their first property.
"The scheme is due to start before the end of this year and run until the end of this Parliament in March 2021. It will run alongside existing shared equity schemes and aims to help first-time buyers purchase a property that meets their needs and is located in the area where they want to live.
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"The name of the new scheme is the 'First Home Fund' and the official launch of the scheme is on 18 December 2019."
Karen also added that DJ Laing Homes has enjoyed strong sales performance over the past few months in the Dundee market, with many buyers taking advantage of the current Help to Buy Scheme.
She continued: "With the recent opening of the V&A museum and further plans for investment and the regeneration of the Waterfront, our return to the area has been extremely positive. Our current clients have been taking advantage of a variety of finance options and Help to Buy funding which is available below £200,000. The new 'First Home Fund' will allow even more first time buyers to get on the property ladder and continue to boost the Tayside property market."
(MH/JG)
