What is New Supply Shared Equity (NSSE)?
The New Supply Shared Equity Scheme aims to help people on low to moderate incomes buy a new build home which is affordable for their needs.
Through the NSSE scheme, eligible applicants can buy a new home from DGHP that has been built for shared equity sale.
This means that applicants fund the majority share of the purchase of their property and own the property outright, with the Scottish Government holding the remaining share of the property under a shared equity agreement.
For example, if you pay for 80% of your home, the Scottish Government will pay for and hold 20% of the share. After an initial period of 19 years, the buyer will be required to purchase their remaining share from the Scottish Government, which will mean outright ownership. You also have the opportunity to increase your share up to 100% in the future.
Do you qualify?
The scheme is aimed at households on low to moderate incomes, who can demonstrate that they can’t buy a new build house to suit their needs without help from the NSSE scheme.
The scheme is available to first-time buyers. However, priority is given to:
- 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
- people who have previously owned a home and have experienced a significant change in circumstances for example, a marital breakdown.
For further information about the criteria for the NSSE scheme, please visit the Scottish Government website.
I meet the criteria, what do I do now?
We currently have properties for New Supply Shared Equity sale at the following developments:
If you are interested in one of our NSSE properties, please click on the relevant development above. This will take you to more information about the development and where you can complete a form to register your interest.
If you would like further information about the scheme, please contact our Customer Service Centre on 0800 011 3447.