The SNP Government has opened a scheme to enable first-time buyers, veterans, older people and social housing tenants to own their own home.
The Open Market Shared Equity (OMSE) scheme is available across Scotland to first-time buyers on low or medium incomes who cannot afford the full price of a home
Successful applicants will be able to buy a home without having to purchase it in full, usually paying 60% to 90% of its value. The SNP Government will pay for and own the remaining share.
Kenneth Gibson MSP said:
"It’s not easy to secure a foot on the property ladder, not least after 14 interest rate rises since January 2022.
"Through the OMSE scheme, we will help as many people as possible afford a home.
"I encourage any first-time buyer or if they are in a priority group, listed below, to consider applying.
Eligible groups include:
• First time buyers
• People aged 60 and over
• Council or housing association tenants
• Disabled people
• Members of the armed forces
• Veterans who left the armed forces in the last two years
• Widows, widowers and other bereaved partners of armed forces personnel who lost their lives while serving
For more information visit:
Comments