Link Housing, in partnership with Glasgow City Council and the Scottish Government, is pleased to offer 50 properties for outright ownership through the New Supply Shared Equity (NSSE) scheme. Eligible applicants can benefit from an equity loan of 20-40% from the Scottish Government to put towards the purchase price of a new home. There are no monthly rental payments and the equity loan is repaid when you sell the property.
Link is a leading provider of homes available through the NSSE scheme, building and selling over 220 new homes in the last 10 years.
Our Dalmarnock site will provide a mixture of 1 and 2-bedroom Riverside apartments for sale through the NSSE scheme.
What is NSSE
NSSE is a Scottish Government-funded scheme which helps people on low to moderate incomes to buy new-build homes from housing associations and local authorities. Applicants fund between 60% and 80% of the purchase price through a combination of mortgage and deposit. Many lenders will offer mortgages through the scheme with a 5% deposit, with some offering 0% deposit mortgages for NSSE applicants. The Scottish Government will hold the remaining 20-40% share under a shared equity agreement until the owner decides to buy out the Scottish Government’s share or sell the property.
This allows people to buy a new home without paying the full cost up front, whilst having the opportunity to buy out the Scottish Government’s equity share at a later date.
The NSSE scheme is available to the following priority groups:
- First time buyers
- People over the age of 60
- Social renters (people who rent from a housing association or local authority)
- People with disabilities
- Members of the armed forces
- Veterans who have left the armed forces within the past two years
- Widows, widowers and other partners of service personnel for up to two years after
- their partner lost their life while serving
The NSSE scheme is also available to people who have previously owned a home and have experienced a significant change in personal and financial circumstances – for example, a marital breakdown.
What do I get with a NSSE property
Our homes are designed and built to minimise energy use to help reduce your utility bills. They combine highly efficient heating and hot water systems, high thermal insulation and double glazing. All new homes are designed to an Energy Performance Certificate (EPC) efficiency rating of B, ensuring whether rented or owned, homes will be warm, comfortable and economical to heat and run.
NSSE homes come with stylish, modern fitted kitchens with a quality brand electric oven, hob, extractor hood and washer/dryer. Bathrooms come complete with powerful electric showers and spacious baths. Homes are decorated in neutral colours, allowing owners to utilise their creativity and vision to decorate their new home.
How do I buy a NSSE home
Please complete your details on our register interest form and select “New Supply Shared Equity” from the list of tenures. Please note you can select more than one tenure from this list.
We will contact you with further details about the different styles of properties, purchase prices and how to apply when the properties are nearing release.
Further information on New Supply Shared Equity is available on our website.