Shared Equity (Scotland)

About the schemes

Scotland offers the New Supply Shared Equity (NSSE) and Open Market Shared Equity (OMSE) schemes. Both schemes are targeted towards low-income first time buyers; however, they can help other prospective homeowners. 

The New Supply Shared Equity scheme helps first-time buyers in Scotland towards the cost of a new build home either from a housing association or a local council.

The Open Market Shared Equity scheme is not limited to housing association or council houses; however, prices are capped depending on the area and size of the property. 

Certain groups are prioritised for the schemes, for example, those over 60, social renters or members of the armed forces. 

Under the schemes, the Scottish Government own a share of the property corresponding to the funds provided. For example, if they provide 25% of the property price, they will own a 25% equity share.

You will have complete title ownership of your home; however, if you sell the property, the Scottish Government will receive their share of the proceeds. 

Eligibility and conditions

• The schemes are targeted towards lower-income households, so your local council or administering agent will assess your application on this basis. 
• You must not own any other property. 
• You should contact the local social landlord or council for further information on specific eligibility for your area. 
• You will need a repayment mortgage on the property.
• Price restrictions are in place for the OMSE scheme depending upon location and size. 

More information

Our team of experienced advisors have helped many people to secure the best deal possible on their Shared Equity mortgage, complete our simple online form today to get started!

Further information can be found on mygov.scot.

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