Development Services Care and Repair Rural Home Ownership Grant Shared Ownership Disabled Adaptations

NEW SUPPLY SHARED EQUITY SCHEME

New Supply Shared Equity Scheme (Shared Equity) is a scheme to help people on modest incomes who wish to own their home but who cannot afford to pay the full price for a house. If your household income is over £22,440, you could become a homeowner. The Association, acting on behalf of the Scottish Government, has Shared Equity Homes available for sale in the Home Farm, Portree, development.

Shared Equity means that, if you buy your share of the property, you co-own the building with the Scottish Government. If you sell your home in the future, you receive your percentage share of the actual sales proceeds.

The minimum stake for Housing Association and Local Authority tenants who wish to move from rented accommodation into home ownership or applicants with a disabled member of their household is 51%. Minimum stake for non-tenants (other than applicants with a disabled member of their household) is 60%.

NB - You do NOT pay rent to the Association for Shared Equity.

We have a Shared Equity Register which lists anyone interested in the scheme. Should you wish to add your name and address to the Register please click here. Alternately, you can download a Registration of Interest form which you can fill in and return to us. Please also read our Marketing Strategies to check that you are eligible before you register.

Click here for the latest information on Shared Equity properties in Portree and Plockton.

For the Marketing Strategy for the flats in Home Farm Phase 3B, Portree, click here.
For the Marketing Strategy for Burnside, Plockton, click here.

For the Registration of Interest form for the flats in Home Farm Phase 3B, Portree, click here.
For the Registration of Interest form for Burnside, Plockton, click here.

Click here to see prices, drawings and specifications for the flats in Home Farm Phase 3B, Portree. Please note that prices are subject to change.

Click here to see prices, drawings and specifications for Plockton, Burnside . Please note that prices are subject to change.

For further information on LIFT (Low Cost Initiative for First Time Buyers) New Supply Shared Equity please click here.