Homes to Purchase – New Supply Shared Equity
New Supply Shared Equity (NSSE) aims to help people on low to moderate incomes buy a new build home which is affordable for their needs.
With the scheme, eligible applicants can buy a new home from Southside Housing Association that has been built for shared equity sale. This means that applicants fund the majority share of the purchase of their property and own the property outright, with the Scottish Government holding the remaining share of the property under a shared equity agreement. For example, if you pay for 70% of your home, the Scottish Government will pay for and hold 30% of the share.
The scheme is available to first-time buyers. However, priority is given to:
- Social renters
- Disabled people
- Members of the armed forces
- Veterans who have left the armed forces within the past two years
- Widows, widowers & other partners of service personnel (up to two years after their partner lost their life while serving)
- People who have previously owned a home and have experienced a significant change in circumstances (e.g. a marital breakdown).