Shared Equity and Shared Ownership

Open Market Shared Equity

  • This scheme is currently open to help all first time buyers, on low to moderate incomes. It helps people buy homes that are for sale on the open market if it falls within a specific price range.
  • If your application to the scheme is approved, you will find your own property to buy on the open market.
  • It's based on the amount of the mortgage that you may be able to raise, compared with the value of the property that is suitable for your needs.
  • You’ll need to raise at least 60% with the most being 90%.
  • Registered Social Landlords administer the scheme on behalf of the Scottish Government.

For more information visit Scottish Government - Open Market Scheme.

The New Supply Shared Equity Scheme

  • This scheme can help you buy a new home that has been developed or purchased for shared equity sale.
  • You pay for a majority stake (between 60% to 80%) and the Housing Association receive a grant from the Scottish Government to pay for the rest.
  • To find out if there are any properties available near you, you'll need to get in touch with the Housing Association direct.
  • Properties may also be advertised online and in the local press.

More information is available from the Scottish Government - New Supply Shared Equity

Shared Ownership

Shared ownership is a cross between renting and buying. There are housing associations in Fife that do offer this scheme.

This scheme aims to help people on low to moderate incomes to buy a property, where it is affordable. Through the scheme, you can buy a 25%, 50% or 75% share and pay an occupancy charge on the rest.

The housing association still owns a share of the property.

  • They would allow you to pay a charge to occupy the property.
  • This charge does not include a cost for repairs to your property.
  • You will be responsible for repairs and ongoing maintenance costs to the property.

Priority is given to:

  • First time buyers with limited housing alternatives.
  • Members of the armed forces and veterans who have left within the past two years.
  • A widow, widower or partner of service personnel. If their partner has been killed whilst serving with the armed forces.

Some notes to take into account:
  • Shared Ownership is different from Shared Equity.
  • The decision to apply for either one will depend on your circumstances and preferences.
  • Before making a decision it's recommended that you consider both options and consult a Financial Advisor.

Please visit the Scottish Government Website for more information about the different schemes that are currently available for potential new homeowners.

Start your Application

Due to service disruptions caused by the COVID-19 outbreak, we are currently unable to process new housing applications or changes to existing applications within normal timescales. If you applied for housing from March 2020 there may also be a significant delay in your application being assessed.

If you are homeless, or need somewhere to stay urgently, please call 0800 028 6231 so we can discuss your housing options.

To complete an online housing application you will need to register for a secure account on Fife Direct. If you already have an account, login in using your existing details.

If you already have an application and you need to update your circumstances, please do not submit a new application. Please log back onto your online application for housing and update the information required. If you have moved address please complete every section of the application, taking into account your new housing circumstances.

Apply for a home now