Shared Equity Schemes

Shared Equity Schemes

LIFT Open Market Shared Equity Scheme (OMSE)

Shared EquityWith this Shared Equity scheme there are restrictions on the maximum purchase price.This based on the area in which the property is being purchased and the size of property.

If accepted, you are then able to purchase a property that is being sold on the open market. You must contribute towards the purchase with the maximum mortgage you can obtain plus any deposit you have available. You can get between 10% and 40% assistance from the Scottish Government in the form of an equity loan. If with the mortgage available and your own deposit you can raise more than 90% of the purchase price you will not be eligible for the scheme.

You do not have any monthly payments for the equity loan and are not charged interest but on sale of the property you have to repay the percentage of equity assistance provided based on the sale price of the property.

New Supply Shared Equity (New Builder)

This again open to First Time Buyers but can also be considered where you may have previously owned a home and have experienced a significant change to personal circumstances such as a martial breakdown. The scheme can also apply a maximum household income which if exceed would mean that you would not qualify.

The assistance available will range from 20% to 40% of the purchase price of the property. You will own 100% of your new home but the Scottish Government will take a security over the property for the percentage of the assistance provided.

This scheme is offered by social landlords/housing associations and by some approved house builders.

Low-cost Initiative for First Time Buyers (LIFT) – Homeowners – (

Mortgage Advice

To find out more about the schemes and whether you would qualify and if they would be of benefit to you get in touch with David who will be able to review your mortgage options.

Call on 01224 679330


Your home may be repossessed if you do not keep up repayments on your mortgage.


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