Applications for Bishops Meadow (The Triangle Site), West Cleddens Road, Bishopbriggs are now closed.
Shared equity helps you to buy a home with financial assistance from the Scottish Government. You would normally pay for the majority share in the property and the Scottish Government pays the rest. You own the home outright, but the Scottish Government will hold a security over the proportion it has funded. When the property is sold by you, the Scottish Government gets the percentage share of the selling value it has a stake in. There are a few types of shared equity scheme that the Government operates under Its Low-cost Initiative for First Time Buyers (LIFT). These include:
- the New Supply Shared Equity scheme to allow first time buyers to buy a new build property either from a housing association or a private developer
- the New Supply Shared Equity with Developers scheme allows first time buyers to buy a new build property from a developer
- the Open Market Shared Equity scheme to allow first time buyers to buy a property on the open market
There is further information on these Scottish Government schemes here.
Available for Sale:
West Baldoran Gate, Milton of Campsie
Only a few shared equity plots remaining. Prices start from £72k. Please contact Karen Shaw on 0141 578 8174 or email firstname.lastname@example.org for further information.
Bishops Meadow (The Triangle Site), West Cleddens Road, Bishopbriggs
The closing date for all applications is 12 noon on 9th September 2016.
Brand new two and three bedroom homes situated in the highly desirable Taylor Wimpey development at Bishops Meadow in Bishopbriggs are current available to purchase through East Dunbartonshire Council’s New Supply Shared Equity Scheme (NSSE) and are ideally suited for first-time buyers*.
To qualify you must be a first time buyer and have a gross annual income not greater than £41,009 (single or combined)
There are four two bed and two three bedroom homes to choose from. Applicants can only choose one bedroom more than they require. The two different house types and prices are:
Fixed Price £110,000 (based on a 63.22% share)
Two bedroom Semi-detached house with off street parking
Fixed Price £125,000 (based on a 64.43% share)
Three bedroom Semi Detached house with a driveway
Details of the development layout, house type and floor plans are attached for illustration purposes only
If you are interested, please complete the on-line application form. The Council will select applicant based on the qualifying criteria and detailed priority group.