0R15 8723.9951 -0.1146% 0R1E 8241.9961 0.8072% 0M69 21090.0 67.5139% 0R2V 227.8 9891.2281% 0QYR None None% 0QYP 420.0 -1.1765% 0RUK 2652.0 -9.2402% 0RYA 1558.3199 1.851% 0RIH 176.95 0.0% 0RIH 178.44 0.842% 0R1O 203.97 9923.0958% 0R1O None None% 0QFP None None% 0M2Z 263.4 0.4289% 0VSO 32.36 -9.1139% 0R1I None None% 0QZI 555.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 166.16 0.3709%
World news
Housing Secretary wants as many Scots as possible to buy using Government scheme
Image Source: ©2023 Kalkine Media®
The Scottish Government is looking to help “as many people as possible” buy an affordable home in 2023, Housing Secretary Shona Robison has said.
Ms Robison said while ministers recognised the challenges caused by the cost-of-living crisis, the Open Market Shared Equity Scheme could help low-income buyers as well as first-time buyers.
The scheme is open to those buying their first home, as well as buyers aged 60 and over, those living in either council or housing association properties, disabled people, members of the armed forces and those who have left the services within the last two years.
The bereaved partners of those in the forces who have died while in service in the last two years can also benefit from the scheme, which allows people to buy a share of a home – usually between 60% and 90% – with the Scottish Government then purchasing the remaining share.
The Government then receives a share of the money when any home purchased using the scheme is sold on at at a later date.
Speaking about the initiative, Ms Robison said: “We recognise the challenges people are facing in this cost-of-living crisis and we want to help as many people as possible to buy an affordable home this new year.
“This scheme puts applicants on a more level playing field with other buyers when purchasing an affordable home.
“Buyers can purchase a share of a property while holding the full title, with the Scottish Government funding the remaining share under a shared equity agreement.”
She continued: “Scotland continues to be a great place to buy a first home and has led the way in the delivery of affordable housing across the UK.
“We have now delivered almost 113,000 affordable homes since 2007, over 79,000 of which were for social rent.
“If you’re from one of the priority groups and would like to own a home, I’d encourage you to consider the Open Market Shared Equity scheme.”
UK 
AU
CA
US
NZ
Please wait processing your request...