Wednesday, September 05, 2012
Responding to The Scottish Government's announcement that they
are doubling funding for the Open Market Shared Equity Scheme, that
gives funding to help first time buyers, Alieen McLeod SMP,
member of the Infrastructure and Capital Investment Committee,
"The Open Market Shared Equity Scheme is a fantastic programme
that allows people to pay for between 60 to 80 per cent of their
home, with the government funding the remaining amount.
"Thanks to this extra funding from the Scottish Government,
first-time buyers will now be able to apply for the scheme, helping
them on to the property ladder.
"This is the first time the scheme has opened up its criteria of
eligibility, allowing more people to apply.
"The SNP Government is committed to helping people into the
housing market for the first time, which is why it has doubled the
"The New Supply Shared Equity Scheme and the New Supply Shared
Equity with Developers Scheme are also assisting people to purchase
their first home.
"Everyone should have a safe, warm home which they can afford
and these schemes are helping to achieve that vision.
"While the UK Government is busy cutting budgets, the SNP is
taking direct action to kick-start the economy through the
extension of this scheme which will see more houses built and
sustain substantial numbers of construction jobs."