Mortgage to Shared Equity Information

The Mortgage to Shared Equity Scheme may be able to help you if you are an owner occupier in mortgage difficulties and you are in danger of having your house repossessed. The Scottish Government (formerly Communities Scotland) 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. 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.