Types of shared equity

Shared Ownership

Shared ownership and shared equity schemes are very similar but there's a key difference. If you buy a house through a shared ownership scheme, you will pay rent on the percentage that you don't own. So, if you've bought 75% of a house through a shared ownership scheme, you'll pay rent on the 25% of the house that is owned by the other party (e.g. the builder of the property).

New Supply Shared Equity

All properties in the New Supply Shared Equity Scheme are newly built; the housing association has either built them or bought them from a builder.

s1homes lists the properties of several Housing Associations which have properties that are part of this scheme. Each property is clearly marked so that it is obvious that it is part of the Government's shared equity scheme. Once you've found a property you like, contact the Housing Association responsible using the contact form.

Find out more from the Scottish Government website

Open Market Shared Equity Pilot

If you are accepted onto this scheme, you can buy any property that is on the market. Contact the Housing Association in your area that is taking part in the scheme. They will assess your income to work out if you are eligible and provide more information about how the scheme works.

Find out more from the Scottish Government website.