People are starting to move into properties on the Goathill housing scheme on former farmland off Perceval Road, Stornoway.
This is part of an overall project costing more than £50m and including a new care home to replace existing ones nearby in Stornoway.
Hebridean Housing Partnership announced earlier this month that they are now accepting applications for purchasing New Supply Shared Equity properties on the new main road in the scheme, being called Sinclair Avenue.
They say the properties are particularly suitable for first-time buyers and those over 60 who need to move because of their properties not meeting medical or support needs.
The New Supply Shared Equity scheme is designed to help people who, without assistance from the scheme, would be unable to buy a new-build house that suits their needs. It is available to first-time buyers who live locally (or with local connections) and priority will be given to:
- social renters (people who rent from a council or housing association)
- disabled people
- members of the armed forces
- veterans who have left the armed forces within the last two years
- widows, widowers and other partners of service personnel for up to two years after their partner lost their life while serving
- people aged over 60
The minimum equity (share) of the cost you need to pay can be agreed on a case-by-case basis – but must be between 60 and 80 per cent. The Scottish Government will hold the remaining share of the property under a ‘shared equity agreement’.
The following properties were ready to purchase from June 2021:
5 x 2 Bedroom
(3 Person – Semi-Detached)
- Bungalow with 1 Living Room, 1 Kitchen/Diner, 2 Bedrooms, 1 Bath or Shower-room/WC and Front Porch
- Property independently valued at £140,000
- An equity share will cost you between £84,000 (60%) and £112,000 (80%)
3 x 2 Bedroom
(4 Person – Semi-Detached)
- Bungalow with 1 Living Room, 1 Kitchen/Diner, 2 Double Bedrooms, 1 Bath or Shower-room/WC and Front Porch
- Property independently valued at £145,000
- An equity share will cost you between £87,000 (60%) and £116,000 (80%)