Scotland’s £10k First Home Fund Is Back — Will It Be Gone in Days?
Episode Overview
The last time Scotland launched this fund it had £60 million and it was gone in eight days. This time they’ve got £100 million. Nick and Steven give it two weeks.
In this month’s market update, they break down exactly how the £10k First Home Fund works, what the catches are, and why investors should be paying attention too — because when first-time buyers pile into the 80–100k market, it gets competitive fast.
That’s just one of the stories this month. Gilt rates just hit their highest level since 2008. Scottish rents have dropped annually for the first time in eight years. And a new law coming in April 2027 means one tenant in a joint tenancy can end the lease for everybody — a potential nightmare for HMO landlords.
Episode Highlights
- The £10k First Home Fund — how it works, the equity catch, and how long it’ll last
- Rants episode feedback — scarcity selling, FOMO and deals passed around 15 WhatsApp groups
- Fuel prices, inflation & why CPI came in lower than expected at 2.8%
- Interest rates: why three or four cuts this year is now off the table
- Scottish house prices: Glasgow up 2.9%, Scotland up 2.6%, Aberdeen finally climbing
- Average time to sell in Scotland — 15 days, fastest in the UK
- Rental market: first annual rent drop in 8 years — and why Nick thinks it’s already bouncing back
- City rents breakdown: Aberdeen up 1.7%, Glasgow up 0.4%, Edinburgh flat
- Rent controls update — nothing happening until late 2027 at the earliest
- The joint tenancy bombshell — one tenant can end the tenancy for everyone from April 2027
- Why this is a major problem for HMO landlords
- Rent adjudication changes — the tribunal loophole is closing
- Down valuations — are surveyors getting more cautious?
- The 80–100k sweet spot for Scottish BTL investors right now
Episode Timestamps
- 00:00 – Intro & what’s coming up this episode
- 01:48 – Rants episode feedback — scarcity selling & FOMO in the market
- 05:30 – The dodgy deal story — unfactored building, hole in the wall, empty property
- 12:21 – Listener email — “Fatty” tells Nick to stop interrupting Steven
- 15:04 – Fuel prices & the macro economy
- 17:26 – CPI inflation came in at 2.8% — lower than expected
- 19:47 – Interest rates & why cuts are off the table
- 21:54 – The 80–100k sweet spot for Scottish BTL right now
- 24:24 – Post-election results — Reform, SNP minority, what it means
- 28:31 – The £10k First Home Fund — how it works & the catches
- 32:16 – Last time this fund launched it was gone in 8 days
- 34:00 – House prices & the Zoopla index
- 38:07 – Average time to sell in Scotland: 15 days, fastest in the UK
- 39:04 – Down valuations — are surveyors getting more cautious?
- 43:01 – Rental market update — Citylets data
- 43:21 – First annual rent drop in 8 years
- 44:49 – City breakdown: Dundee, Aberdeen, Glasgow, Edinburgh
- 46:46 – Rent controls — nothing until late 2027 at the earliest
- 50:36 – Rent adjudication changes — tribunal loophole closing April 2027
- 52:12 – Joint tenancy bombshell — one person can end it for everyone
Useful Links
Join our monthly property networking events across Scotland and connect with investors, landlords and industry experts. View Upcoming Events
Know someone selling a property? You could earn £1,500 by introducing them to Prime Property Auctions. Visit Prime Property Auctions
Listen to more episodes of The Scottish Property Podcast and explore conversations with investors, landlords and industry experts across Scotland. Browse Episodes
Do you think the fund will be gone in days again? Drop it in the comments
