As well as housing for rent the Association also provides some low cost homeownership housing. This has previously been under the “Shared Ownership “scheme. In future we plan to develop some homes under the newer “New Supply Shared Equity” scheme.
These schemes provide a low-cost route onto the home ownership ladder. They are primarily aimed at people who wish to own their own home but cannot afford to buy a property outright.
Under this arrangement you can purchase a 25%, 50% or 75% share depending on how much you can afford. A monthly occupancy payment is paid to us based on the size of the share that we still own.
After the first year you may purchase a further share. If you wish, you can ultimately buy 100% but there is no obligation to do so.
An information leaflet about Shared Ownership can be viewed via the link below or in our Document Library under "leaflets".
We currently have around 30 Shared Ownership homes in management. We currently have no plans to build anymore. Opportunities to purchase shared ownership housing occasionally become available when existing Sharing Owners are looking to sell on. If you would like an application form for shared ownership please contact us at: email@example.com
New Supply Shared Equity (NSSE)
A Scottish Government information leaflet about the New Supply Shared Equity scheme can be downloaded via the link below.
A New Supply Shared Equity owner generally pays for between 60 and 80 per cent of the price of a property, with the remainder held by the housing association. There is no occupancy or rent payment due to the Association.
We will not have any New Supply Shared Equity housing for sale until 2011 at the earliest but if you would like to register an interest please contact us at Enquiries@rsha.org.uk
Open Market Shared Equity
This scheme aims to help people on low incomes who wish to own their own home but who cannot afford to pay the full price for a house.
This scheme is currently being run in the Stirling area by Link Housing Association. Click on the following link to read about how the scheme works and see if it could help you www.linkhousing.co.uk/linkhomes/sharedequity