LIFT – Open Market Shared Equity Pilot

LIFT Would you like to purchase a property on the open market but think you cannot afford to? If so, the Open Market Shared Equity Pilot may be able to help you. This pilot is funded by the Scottish Government under a range of incentives called LIFT (Low-cost Initiative for First-Time Buyers). Albyn Enterprises Ltd* has been selected by the Scottish Government to deliver LIFT in the Highlands.

The scheme is mainly aimed at lower income households, including first time buyers, housing association tenants and council tenants. If eligible, you could buy between 51% and 80% of the value of a property on the open market. There are price limits set on what you can pay for a property depending on its size and location.**

For more information email info@albyn-enterprises.co.uk or call Albyn Enterprises on 01463 259895 or visit the Scottish Government website.

Highland Areas Covered (defined by LIFT)	Number of Bedrooms	Open Market Price Limit***
Central Highlands covers towns like Aviemore, Inverness and Golspie	1	£95,000
	2	£120,000
	3	£140,000
	4	£180,000
East Highlands covers towns like Helmsdale, Wick and Thurso	1	£60,000
	2	£70,000
	3	£85,000
	4	£95,000
West Highlands covers towns like Fort William, Portree and Ullapool	1	£85,000
	2	£105,000
	3	£120,000
	4	£155,000

The Open Market pilot runs alongside the existing New Supply Shared Equity Scheme, formerly known as 'Homestake'. Please contact us for more details on this or visit the Scottish Government website.

* Albyn Enterprises Ltd is a wholly ownded subsidiary of Albyn Housing Ltd.
**LIFT allows you to buy a home that is not more than one bedroom larger than your current need.
***As at 1st April 2009. Please refer to the Scottish Government website for current price thresholds.

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Lochaber Housing Association
101 High Street, Fort William, PH33 6DG
Tel: 01397 702530 | Fax: 01397 704141
Email: info@lochaberhousing.co.uk

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