What is the New Supply Shared Equity Scheme?

New Supply Shared Equity is a scheme targeted at low-income households to assist them into owner occupation.  The scheme is part of the Scottish Government LIFT Initiative, the Low-cost Initiative for First-Time Buyers

The customer buys a share or equity, generally between 60% and 80% of the property value. Properties are to be sold to those who qualify within the 60% to 80% threshold unless, in very exceptional circumstances, this may be reduced to 51%.

Customers do not pay rent or an occupancy fee to Clyde Valley Housing Association but there would be a factoring charge.

Who qualifies?

When dealing with applications Clyde Valley Housing Association will give priority to the following groups: -

• First time buyers
• Customers on Social Landlord waiting lists
• Customers living in private rented accommodation
• Customers living with family/friends

In exceptional circumstances existing owners may be able to purchase a property.

Properties for sale

Shieldhill Road is an exciting new development in Carluke offering 29 homes for rent and 29 for purchase in our New Supply Shared Equity scheme.

Shieldhill Road offers a variety of house styles, ranging from 2 bedroom flats to 3 bedroom semi-detached homes, details are as follows: -

• 9 x 2 bedroom, 3 person flats
• 9 x 2 bedroom, 4 person flats
• 1 x 3 bedroom, 4 person semi-detached house
• 10 x 3 bedroom, 5 person semi-detached houses

Further details on the Scheme and our Shieldhill Road development are available from:

Clyde Valley Housing Association Ltd
82-84 Brandon Parade East
Motherwell
ML1 1LY

Tel: 01698 268855
Fax: 01698 266271