Updates to the Open Market Shared Equity Scheme

The Open Market Shared Equity Scheme helps people who want to buy a home on the open market but are unable to meet the full price.

The thresholds have increased in Angus, meaning if you meet the criteria you could now purchase:

·         1 bedroom property for up to £60,000,

·         2 bedroom property up to the value of £100,000,

·         3 bedroom property up to the value of £130,000,

·         4 bedroom property for up to £180,000,

·         5 bedroom property up to the value of £225,000.

The scheme is still available and here is the link to the website which explains the programme and the eligibility criteria for potential applicants.

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Want to Buy a Home but Can’t Afford the Full Price?

The Open Market Shared Equity Scheme (OMSE) helps people who want to buy a home on the open market but are unable to meet the full price.

The scheme is available again from December last year and here is a short, informative animated film which explains the scheme and the eligibility criteria for potential applicants.