Sanctuary’s homes in Scotland are sold through the Scottish Government’s New Supply Shared Equity (NSSE) scheme. Buyers purchase between 60% and 80% of their new build home’s value, with the Scottish Government retaining the remaining 20% to 40% stake in the form of an interest-free loan.

Under the NSSE scheme, buyers pay no rent and own their home outright.

The qualifying criteria for NSSE vary by development. The qualifying criteria are set by the Scottish Government or local authority.

NSSE FAQs

What is NSSE?

New Supply Shared Equity (NSSE) is part of the Scottish Government’s Low-cost Initiative for First Time Buyers (LIFT) scheme, aimed at people on low incomes who wish to own their own new build home.

How does it work?

Sanctuary Scotland is a Registered Social Landlord. We receive Scottish Government grants which go towards the cost of the property you buy from us. You can choose to purchase between 60% - 80% of the properties value. Then, the Scottish Government will fund the outstanding amount. You will always own the whole home whether its future value goes up or down.

How do I find out if I am eligible?

New Supply Shared Equity is designed for people on low incomes, so we have to assess whether you qualify. The amount you contribute to your share of the property’s cost must be the maximum mortgage you can afford plus any other personal contributions.

How much of a stake can I take?

Your stake will normally be between 60% – 80%. The maximum stake you can start with is 80%. You must purchase the maximum share you can afford.

If you purchase a Golden Share property, the Scottish Government will keep at least a 20% share of your home. This means you can not purchase any more than 80% of the property for the time span that you are the owner. When Golden Share properties are sold, they must be sold under the NSSE Scheme where the new owners will have the opportunity to buy in between 60% - 80%.

What kind of home can I buy?

You will be able to buy a home that is two ‘bed spaces’ more than the number of people in your household, e.g. a couple could buy a house with two double bedrooms, or a double bedroom and two single bedrooms.

Your shared equity home must be your sole residence. You will not be allowed to sublet or lease your property to a third party. You are responsible for your home’s running costs, which should be taken into consideration when assessing if you can afford to purchase the property.

What happens if I want to move?

If you want to sell your shared equity home, we’ll advise you on the procedure. All valuation, marketing, and legal costs will need to be paid by you. When sold, you will receive the percentage stake of the selling price.

For example:

  • Initial home value - £100,000
  • Your stake - 60% - £60,000
  • Scottish Government’s stake - 40% - £40,000
  • Sale price - £140,000
  • You receive 60% (less your fees and costs) £84,000
  • Scottish Government receives - 40% - £56,000

What else do I need to know?

We can provide more information on your legal requirements and more detailed information about our role as Registered Social Landlords and the T&Cs that apply. We do however strongly advise you take independent financial and legal advice before going ahead with your house purchase.

How do I apply?

To apply for a property or for further information, contact our sales line on 0141 226 8039. Alternatively complete our enquiry form.

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