Mortgage to Shared Equity is part of the Home Owners' Support Fund. The Scottish Government can take a financial stake in your home. You will still own your home and continue to have responsibility for maintaining and insuring it but you will be able to reduce the amount you have to pay to your lender each month.
Mortgage to Shared Equity will not be the best option for everyone. There is also Mortgage to Rent (details can be found here). To find out if it is right for your situation you should seek advice. You must get advice before you apply. The Government's information leaflet is available from the table below.
We can now offer a free and independent Welfare Rights Service to our tenants, owners and sharing owners, in partnership with the Clydebank Independent Resource Centre (CIRC).
The service is available between 10.00am and 1.00pm every Thursday of the month (but the last) at our office, 77-83 Kilbowie Road, and the last Thursday of the month at Centre81, Whitecrook, and residents are able to either pop in or contact the office in advance to make an appointment with us on 0141 941 1044, the Centre on 533 7070 or with the CIRC on 0141 951 4040.
Alternatively, you can get advice from a number of sources including Citizens Advice Scotland, Money Advice Scotland and Consumer Credit Counselling Service (CCCS). These sources will be able to tell you what your options are and discuss them with you.
If you want to know more about the scheme please contact the office.
For your information, contact details for those agencies listed above are shown here:
West Dunbartonshire Citizens Advice Bureau
34 Alexander Street, Clydebank G81 1RZ
Tel: 0141 435 7590
Fax: 0141 435 7591
Consumer Credit Counselling Service (CCCS)
Tel: 0800 138 1111 (8am to 8pm Monday to Friday)
Add: Wade House, Merrion Centre, Leeds LS2 8NG
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