New supply shared equity scheme
NEW SUPPLY SHARED EQUITY SCHEME (NSSE)
Please note that there are no further NSSE schemes planned. All properties available for resale through the scheme will be listed on this page.
Read the NSSE information leaflet to find out more.
NSSE aims to help people on low to moderate incomes to purchase a new build home where it is sustainable for them to do so.
Under NSSE the Scottish Government will keep a financial stake in the property so the applicant does not have to fund the whole cost of the property. Applicants will normally own between 60-80% of the property and the Scottish Government will contribute the remaining share. No rent will be payable on the share of the property the applicant does not own. The Scottish Government will retain the 20% share or ‘golden share’ and in some areas the home owner will never own more than 80% of their property due to it being in an area of low levels of affordable housing.
Applicants should be:-
- First-time buyers, such as those living in social housing
- People in the Armed Forces or veterans, widows, widowers and other partners of service personnel
- People living in private rented housing or with relatives
- People who have experienced a significant change in household circumstances
- People with a disability who own a house which doesn’t suit their needs
- People aged 60 and over
Applicants will need to sell their interest in any property owned prior to purchasing a home under the scheme.
Priority will be given to tenants of councils or housing associations.
Completed forms should be returned, as soon as possible and by the closing date either by email to: ownership@grampianhousing.co.uk or post: Grampian Housing Association, Huntly House, 74 Huntly Street, Aberdeen, AB10 1TD.
General Data Protection Regulation (GDPR)
Click here to read the Scottish Government Shared Equity Schemes - General Data Protection Regulation (GDPR) - Privacy Notices and Data Retention Periods
Click here to view current New Supply Shared Equity vacancies
OPEN MARKET SHARED EQUITY SCHEME (OMSE)
OMSE is open to all first-time buyers. The scheme is designed to help people on low to moderate incomes to buy a home on the open market where it is sustainable for them and where they could not afford to pay the full market price.
It is part of the Scottish Government’s LIFT (Low-cost Initiative for First-Time Buyers) scheme.
Link Homes Ltd is the managing agent for the Open Market Shared Equity scheme on behalf of the Scottish Government. Link has been the managing agent for a number of years in other areas throughout Scotland.
Please direct all enquiries to Link using the following details:
https://linkhousing.org.uk/find-a-home/buying-a-home/shared-equity/open-market-shared-equity/
T: 0330 303 0125
