Shared equity
The Scottish Government is committed to helping people meet their aspirations to become home owners. Shared equity is one way to do this.
What is Shared equity?
The Scottish Government’s Shared equity schemes enable people to buy a home in partnership with a registered social landlord. An owner generally pays between 60 and 80 per cent of the price of a home – with the remainder held by a registered social landlord using a Government grant.
The New Supply Shared Equity scheme and the Open Market Shared Equity Pilot scheme aim to help people on low incomes who wish to own their home but who cannot afford to pay the full price for a house. They are part of the range of assistance from the Scottish Government under its Low-cost Initiative for First-Time Buyers, LIFT.
Who is Shared equity for?
The Scottish Government’s shared equity schemes mainly aim to help first-time buyers. The schemes can however help others too. For example, they may be able to help people who are looking for a new home after a significant change in their household circumstances. They may also be able to help disabled people access more suitable housing.
Get more information on the New Supply Shared Equity scheme and the Open Market Shared Equity Pilot scheme.
