Housing Options Guide-4

4. Home ownership

This section has information to help you become a home owner and tells you about:


Scotland Self Build Loan Fund

The Scotland Self Build Loan Fund runs from 1 September 2018 to 31 August 2021 and is open to applications from individuals who have been unable to obtain mainstream self-build mortgage finance, but who will be able to obtain mainstream mortgage finance upon completion of their project.  The maximum loan available stands at £175,000.

You can access a downloadable brochure and full details by clicking the following link: Scotland Self Build Loan Fund

Low-cost Initiative (LIFT)

Want to buy a home on the open market but don't think you can afford the full price? The LIFT (Low Cost Initiative for First Time Buyers) scheme could help. If you are a Local Authority or Housing Association tenant, you could be eligible for up to 40% towards the cost of buying a home you have chosen, through the Scottish Government LIFT Open Market Shared Equity scheme.  For more information about the LIFT scheme, read our short leaflet.

New Supply Shared Equity (NSSE)

The New Supply Shared Equity scheme (NSSE) aims to help people on low to moderate incomes to buy an affordable new build home.  With the NSSE scheme, eligible applicant can buy a new home from LINK that has been built for shared equity sale.
Note: Moray does not have any New Supply Shared Equity properties at this time.

Open Market Shared Equity (OMSE)

The Scottish Government contributes between 10% and 40% towards the price of a home you have chosen on the open market.

Who is eligible?

  • First time buyers
  • Social renters
  • People with a disability who can demonstrate a housing need
  • Members of the armed forces
  • Veterans who have left the armed forces within the past two years
  • Widows, widowers and other partners of service personnel whose partner has lost their life while serving in the armed forces within the last two years
  • People aged over 60 who can demonstrate a housing need

If you can raise more than 90% of the value of the property, you will not be eligible for the scheme.

Over 60s

|If you are aged over 60, and can demonstrate at least one of the following criteria, you can apply to the LIFT open market shared equity scheme.

  • You are living in a property that is too large and need to downsize
  • You need to move closer to family or friends to receive care and support
  • Your existing property is no longer suitable to meet your needs e.g. you can no longer manage the stairs

There is no requirement to take out a mortgage if you are aged over 60, but you must contribute as much as you can afford and a minimum of 60% towards the purchase price.

Scheme of Assistance

The Scheme of Assistance helps homeowners and private tenants look after their homes and sets out the forms of assistance that may be available to help them repair, maintain, improve or adapt their homes.  
More information can be found by clicking the following link: The Scheme of Assistance pdf.

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