Shared Equity
Buying a new home with assistance from the Scottish Government
The New Supply Shared Equity (NSSE) scheme helps eligible buyers in Scotland purchase new build homes from housing associations or local councils if they can’t afford the full cost.
It’s open to first-time buyers and priority groups, including older adults (60+), social renters, disabled people, armed forces members, recent veterans, bereaved partners of service personnel, and those who have faced significant life changes, such as divorce.
How does it work?
Scotland’s NSSE Scheme
Shared Equity allows you to buy a new build home with assistance from the Scottish Government. You will typically be required to buy between 60 to 80% of the home’s total cost, while the government holds the remaining share under a shared equity agreement.
The New Supply Shared Equity (NSSE) scheme is designed for low to medium-income households. You must therefore provide proof that you cannot afford to buy a suitable new build home without assistance.
Eligibility Criteria
The New Supply Shared Equity scheme is available across Scotland. It’s open to first-time buyers and these priority access groups:
- People aged 60 and over
- Social renters (people who rent from the council or a housing association)
- Disabled people
- Members of the armed forces
- Veterans who have left the armed forces within the past two years
- Widows, widowers and other partners of service personnel for up to two years after their partner lost their life while serving.
Start Your Journey
The steps to finding A new home
FAQ
Shared Equity Explained
What properties are available through the NSSE?
Only select properties are available through the New Supply Shared Equity scheme. Highlight support social landlords to promote properties available through the NSSE scheme. Search ‘Find a Home – Shared Equity‘ to see our current availability.
Is Shared Equity only available in Scotland?
Yes, the New Supply Shared Equity (NSSE) is only available in Scotland. Shared Equity properties can exist in other parts of the UK but their availability is low.
When do I need to repay the Scottish Government Equity Share?
The shared equity agreement entered into with the Scottish Government runs indefinitely. This means you can repay the Scottish Ministers’ equity stake whenever you wish. You can also decide to acquire some of Scottish Government’s retained equity stake at any time after you move in to your home.
Can I increase my equity share?
You will have the option to increase your equity share by a minimum of at least 5% at any time and you may increase your share up to 100%* if you choose to do so.
*In certain circumstances the Scottish Government restrict equity to 80%, meaning they will retain a 20% stake in the property indefinitely. This is known as a ‘golden share’ and is likely to happen in areas where there are only small amounts of affordable housing and few opportunities to build more affordable homes.
What are the costs?
Each month, you’ll need to cover the following expenses:
•Mortgage payment: This applies only to the share you own.
•Service charge: Covers maintenance of communal areas in your building or development.
•Homeownership costs: Includes household bills, interior upkeep, and contents insurance.
Other costs may apply.
Can I sell a Shared Equity property?
You are free to market your property for sale on the open market at any time. Before proceeding, you must first notify the administering agent of the scheme through which you purchased your property.
You can list your home for sale once you have obtained a home report. If you receive an offer below 95% of the market value, you must seek approval from Scottish Ministers before accepting it.
Can I sublet the property?
No, your home must be your primary residence. Letting the property will violate the shared equity agreement.
Who is responsible for repairs?
All maintenance costs are the responsibility of the shared equity owner.