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Homebuyers get a 'LIFT' from updated Scottish Government scheme


Homebuyers get a LIFT from updated Scottish Government scheme
The LIFT scheme enables eligible buyers to get a government contribution towards the price of a home
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The LIFT scheme is open to first-time buyers, current social tenants, people with a disability, and those aged over 60 in need of a home (Image: Link Housing)
More Scottish homebuyers are getting onto the property ladder thanks to changes to the Scottish Government’s LIFT (Low Cost Initiative for First Time Buyers) Open Market Shared Equity (OMSE) scheme.
Changes to the LIFT scheme, which allows buyers to get between 10% and 40% towards the price of a home purchased on the open market, mean applicants are no longer restricted on the size of property they can buy, as long as they meet the financial criteria and the property is large enough to avoid overcrowding. Price thresholds have also increased in 26 local authority areas. ....

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