Low Cost Home Ownership

The Scottish Government supports a number of different schemes to help first time buyers with low or moderate incomes to access home ownership. The most common options are described below but for more detailed information on the different schemes that are available in your area and to fit your circumstances, you should contact your local Council.

Shared Equity

Shared equity homes are available from housing associations or private developers through the open market. It allows you to buy a home without having to fund all of the purchase price.

If you buy a shared equity home, you will pay for a majority share in the home and the Scottish Government will pay for the rest. You can increase your share in the home while you are living there or, if you decide to sell the home, you will need to pay back the proportion that was funded by the Scottish Government. For example, if the Scottish Government provided 30% of the purchase price when you bought the home, you will need to pay back 30% of the sale value when you sell the home.

You will be responsible for all repairs and maintenance costs.

For more help and information about shared equity you should contact your local council or visit the Scottish Government website.

Shared Ownership

Shared ownership homes are available from some housing associations. This scheme allows you to buy a share in a flat or house that is owned by the housing association. You will have to pay some rent, or an ‘occupancy charge’ for the proportion that is owned by the housing association.

If you enter into shared ownership, you will have to buy an initial share of 25%, 50% or 75%. You can decide to increase your share at a later date or you can sell the property. If you decide to sell, the housing association which owns remaining share of the home will usually have a pre-emption right to buy the home back from you.

You will be responsible for all repairs and maintenance costs.

For more help and information about shared ownership you should contact your local Council or visit the Scottish Government website.