Question reference: S6W-04588
- Asked by: Mark Griffin, MSP for Central Scotland, Scottish Labour
- Date lodged: 25 November 2021
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Current status: Answered by Shona Robison on 10 December 2021
Question
To ask the Scottish Government what discussions it has had with the housebuilding and lending sectors about the Deposit Unlock mortgage scheme, and what comparable government support for home buyers will be available from April 2022.
Answer
Deposit Unlock, is an industry led mortgage indemnity scheme which enables buyers of new build properties to purchase with a 5% deposit. Homes for Scotland have kept the Scottish Government informed about the scheme throughout its development.
The UK Mortgage Guarantee Scheme also helps to increase the supply of 5% deposit mortgages by supporting lenders to offer these products through a government backed guarantee on new 95% mortgages until 31 December 2022.
The Low-cost Initiative for First Time Buyers (LIFT) will continue to be available in Scotland next financial year.