Section 5 - Home ownership and mortgage difficulties - The Moray ...

You will normally be expected to pay a share of between 60% and 90% of the price
of a property, with the rest held by a Registered Social Landlord using grant funding
from the Scottish Government. In most cases you will have the option to increase
your stake after two years.
You can get more information online at www.scotland.gov.uk/Topics/Built-
Environment/Housing/BuyingSelling/lift/FTBNSSES or contact:
The Scottish Government
HaRCCoG - 1st Floor
Longman House
28 Longman Road
Inverness
IV1 1SF
Phone: 0300 020 1200
Fax: 0300 020 1201
Email: housingsupply@scotland.gsi.gov.uk
5.2.2 Open Market Shared Equity
This scheme aims to help people who want to own a home but who cannot afford to
pay the full price on the open market. The scheme is aimed at priority groups who
are first time buyers such as social renters, members of the armed forces, veterans
who have left the armed forces within the past year, and widows, widowers and
other partners of service personnel.
You will normally be expected to pay for a share of between 60% and 90% of the
price of a property and the Scottish Government will help fund the rest. Your lender
may need a modest deposit. In most cases you will have the option to increase your
stake after two years, but you will not have the option to reduce your share.
There are limits on the prices of homes bought under the scheme.
You can get more information online at www.scotland.gov.uk/Topics/Built-
Environment/Housing/BuyingSelling/lift/FTBOMSEP or contact the following
Registered Social Landlord who operates the scheme in this area:
Grampian Housing Association Ltd
Huntly House
74 Huntly Street
Aberdeen
AB10 1TD
Phone: 0800 121 4496
Email: info@grampianhousing.co.uk
Website: www.grampianhousing.co.uk
Updated: 04 December 2012 Section 5 Page 4