Scottish Government adds to shared equity fund
The Scottish Government is making an extra £13 million available for its shared equity schemes to help more first time buyers.
Under the schemes, buyers can purchase a home from a housing association, private developer or on the open market by paying for a majority share in it, with the government paying the rest.
Social renters, members of the armed forces and war widows and widowers will be prioritised under the schemes.
Scottish housing minister Keith Brown announced the extra funding on Friday (27 April).
Mr Brown said: ‘With mortgages harder to access, we are committed to doing all we can to help people on low to moderate incomes across Scotland get on the property ladder where this is affordable for them.
‘These schemes also help our brave armed forces and veterans secure a roof over their heads. It is important that people who have served this country with distinction should have access to this type of assistance.
‘Scotland’s house building industry has been through tough times. This investment offers good value for money for taxpayers and buyers and it also helps the economy by helping kick-start more house building and construction jobs.’