New Supply Shared Equity scheme
Under the New Supply Shared Equity scheme, the Scottish Government will keep a financial stake in the property so you do not have to fund all of it. You will pay for a majority share of the home (usually between 60 and 80%) and the Scottish Government will buy the remaining share through a registered social landlord.
You do not pay any form of rent on the property although you are advised to check if there are factoring charges that you will be required to pay.
Normally a percentage, sometimes known as a golden share, will always be retained in order to ensure the property remains affordable in the future.
If you see a property advertised which you think you might be eligible for you should contact the registered social landlord responsible for the project. They will be able to give you further information on the New Supply Shared Equity scheme and how to apply.
You can find more information on New Supply Shared Equity on the Scottish Government website.
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