Affordable Housing for Sale – Shared Equity at Sunnyside Estate, Hillside, by Montrose

If you want to own your own home, but are on a low income, here’s an opportunity that might interest you.

We have 2 three-bedroom houses (Tiree style) to buy under the Scottish Government’s New Supply Shared Equity Scheme constructed in the former Sunnyside Royal Hospital and its grounds. More details about the properties can be found on the Sunnyside Estate website.

Please note that any incentives listed on the Sunnyside webpage are not available with the purchase of a shared-equity home.

The Scottish Government New Supply Shared Equity (NSSE) scheme is a form of affordable home ownership for people on modest incomes.  The owner purchases 60-80% of the value of the property with the Scottish Government providing the equity stake for the remainder.

How to apply

We do not take applications for this scheme yet, but we expect to open the scheme in January 2022. For further updates check the Angus Council Developments Website. We’ll also post information here when the scheme opens.

If you are interested in this scheme, please seek independent financial advice about getting a mortgage, as this will be a requirement of the scheme. Further requirements of the scheme can be found on the Scottish Government website and we would advise familiarising yourself before contacting us.

Qualifying criteria

  • First time buyer, unless you are an older person (over 60) downsizing or you have experienced a significant change of circumstances such as relationship breakdown.
  • Earning no more than £29,799 per annum (single income) and £44,146 per annum (joint income)
  • Resident in Angus, employed in Angus, or with local connection to Angus

For further information please contact: affordablehousingteam@angus.gov.uk

One thought on “Affordable Housing for Sale – Shared Equity at Sunnyside Estate, Hillside, by Montrose

  1. Pingback: Affordable Housing for Sale – Shared Equity Scheme at Sunnyside Estate, Montrose | Angus Council Housing News

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