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Scotland's First Home Fund runs out of money just days after launching


Scotland s First Home Fund runs out of money just days after launching
The scheme was open to all first-time buyers across the country and can be used to buy a new build property or one that has already been constructed.
09:24, 9 APR 2021
Updated
The First Home Fund has now closed for people across the country after the money ran out (Image: DAILY RECORD)
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First Home Fund , Scottish Government , Financial Transactions , Scottish Government Financial Transactions , United Kingdom Government , Spending Review , முதல் வீடு நிதி , ஸ்காட்டிஷ் அரசு , நிதி பரிவர்த்தனைகள் , ஸ்காட்டிஷ் அரசு நிதி பரிவர்த்தனைகள் , ஒன்றுபட்டது கிஂக்டம் அரசு , செலவு விமர்சனம் ,

SNP's flagship housing fund runs out of cash in days


SNP’s flagship housing fund runs out of cash in days
SNP ministers have blamed the UK Treasury for cuts to the fund
SNP ministers have blamed the UK Treasury for cuts to the fund
The Scottish Government’s flagship First Home Fund has run out of money in just eight days, in what opposition parties have branded a “spectacular misjudgement”. 
The £60m fund, which lends people up to £25,000 towards their deposit, was launched on April 1 but was closed on Thursday afternoon after being inundated with applications. The initiative is now “fully committed” for 2021/22.
The news has been described as “devastating” for thousands of Scots hoping to get onto the property ladder, with the lack of availability of 95 per cent LTV mortgages making it “incredibly difficult” for first time buyers to access mortgage finance - despite “strong evidence” showing that owning a home is cheaper than renting. ....

United Kingdom , Kate Forbes , Nicola Barclay , First Home Fund , Scottish Government , United Kingdom Treasury , Finance Secretary , Scottish Conservative , Maurice Golden , Scottish Lib Dems , Scottish Government Financial Transactions , United Kingdom Government , Spending Review , ஒன்றுபட்டது கிஂக்டம் , கேட் ஃபோர்ப்ஸ் , நிகோலா பார்க்லே , முதல் வீடு நிதி , ஸ்காட்டிஷ் அரசு , ஒன்றுபட்டது கிஂக்டம் கருவூலம் , நிதி செயலாளர் , ஸ்காட்டிஷ் பழமைவாத , மாரிஸ் தங்கம் , ஸ்காட்டிஷ் லிப் டெம்ஸ் , ஸ்காட்டிஷ் அரசு நிதி பரிவர்த்தனைகள் , ஒன்றுபட்டது கிஂக்டம் அரசு , செலவு விமர்சனம் ,

EXCLUSIVE: Scheme to help Scots buy first homes runs out of cash in days


Updated: April 9, 2021, 8:47 am
© DC Thomson
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Thousands of young families are facing disappointment after a Scottish Government scheme to help first-time buyers ran out of cash in just eight days.
The flagship First Home Fund, which lends people up to £25,000 towards their deposit, was launched on April 1 but is already “fully committed” for 2021/22.
It is understood the initiative was closed on Thursday afternoon after being inundated with applications.
The budget for the fund was slashed from £200m last year to £60m this year, with Scottish ministers blaming a 66.5% cut in Financial Transactions from the Treasury. ....

United Kingdom , Greig Brown , Aberdein Considine , First Home Fund , Skye Housing Association , Scottish Government , Financial Transactions , Skye Housing , United Kingdom Government , Mortgage Guarantee Scheme , Scottish Government Financial Transactions , Spending Review , ஒன்றுபட்டது கிஂக்டம் , கிரேக் பழுப்பு , முதல் வீடு நிதி , ஸ்கை வீட்டுவசதி சங்கம் , ஸ்காட்டிஷ் அரசு , நிதி பரிவர்த்தனைகள் , ஒன்றுபட்டது கிஂக்டம் அரசு , அடமானம் உத்தரவாதம் திட்டம் , ஸ்காட்டிஷ் அரசு நிதி பரிவர்த்தனைகள் , செலவு விமர்சனம் ,

Budget: Scottish Borders Council leader gives reaction


“Most of this additional funding is ring fenced for health and social care and early years education.
“Both of which are important, but it leads to less money for the bread and butter issues of fixing the roads and emptying the bins, that councils are responsible for.
“Also hidden in the budget is a £268m cut to the [national] housing budget. This will mean fewer affordable homes being built in the Borders to provide high quality housing for the families that need them.
“COVID-19 has cost local governments in Scotland over £800m. Councils are only going to get £259m to cover these costs. We need to see funding reflecting our losses to help us rebuild.” ....

United Kingdom , Mark Rowley , Scottish Borders Council , Scotland Is Glasgow City Council , Scottish Government , Borders Council , Mrs Haslam , Borders Tories , Great Tapestry , Scottish Budget , United Kingdom Government , Spending Review , Scottish Government Financial Transactions , Met Office , Glasgow City Council , Orkney Islands , ஒன்றுபட்டது கிஂக்டம் , குறி ரவுலி , ஸ்காட்டிஷ் எல்லைகள் சபை , ஸ்காட்லாந்து இருக்கிறது கிளாஸ்கோ நகரம் சபை , ஸ்காட்டிஷ் அரசு , எல்லைகள் சபை , திருமதி ஹஸ்லம் , நன்று நாடா , ஸ்காட்டிஷ் பட்ஜெட் , ஒன்றுபட்டது கிஂக்டம் அரசு ,