East Ayrshire is the most affordable location in Scotland for first-time buyers, followed by Inverclyde, the Outer Hebrides, Clackmannanshire, West Dunbartonshire and Dumfries and Galloway, according to new research from Bank of Scotland.

The analysis looks at the average price paid by people buying their first home in local areas across the UK.

The list is revealed on the day that applications open for a new Bank of Scotland £5,000 deposit mortgage, available on homes up to £300,000, and aimed at helping first-time buyers who may otherwise struggle to raise funds without financial support from family.

“With an average first time‑buyer price of £147,353, East Ayrshire brings together market towns, former mining communities and rural villages,” said Bank of Scotland.

“Homes range from characterful older properties to regeneration developments and family friendly neighbourhoods.

“Kilmarnock is the most populous town in the area, which is also well connected to Scotland’s central belt, with direct routes into Glasgow and nearby employment hubs. That makes it possible to balance countryside living with a manageable commute.”

Inverclyde is next on the list with an average first-time buyer price of £149,929. Stretching along the River Clyde, the area includes coastal towns such as Greenock, Gourock and Port Glasgow, offering a mix of traditional flats, family homes and waterfront properties.

“In all of the top 10 most affordable areas, buying with the new £5,000 deposit first-time buyer mortgage could result in a monthly mortgage cost of less than £1,000,” said Bank of Scotland.

Isla Benzie, Head of Mortgages, Bank of Scotland: “Affordability remains a big challenge for many first-time buyers, so being flexible on location can make a real difference in finding a home that fits both lifestyle and budget. Scotland continues to offer some of the best value in the UK, with a wide range of property types and price points across its towns, cities and coastal areas.

“For aspiring homeowners, saving for a deposit is often the biggest hurdle. The new £5,000 deposit mortgage is one practical way we’re helping more people take that first step and move towards a more secure future.

“If you’re thinking about buying, speaking to a mortgage expert early can be invaluable. They can help you understand what’s affordable and guide you through the support that’s available.”