Home ownership beyond your reach?
The New Supply Shared Equity (NSSE) scheme could be right for you!
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. It is part of the range of assistance from the Scottish Government under the Low-cost Initiative for First-Time Buyers (LIFT).
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 homeowner 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.
See our latest new supply shared equity vacancies
For further help and information on this scheme:
Email: ownership@grampianhousing.co.uk
Tel: 01224 202900