CALEDONIA Housing Association has announced it is releasing nine new homes in Perthshire as part of its shared equity scheme which gives people the chance to buy a new home without being required to fund the entire cost.
The nine homes are part of the association’s provision of 41 affordable homes in the AJ Stephen Guildtown development, six miles north of Perth. The shared equity scheme homes comprise of a two-bedroom bungalow and eight two-bedroom houses.
The NSSE scheme requires buyers to purchase a minimum of 60% of the property, and up to a maximum of 80%, depending on a household’s income and the level of mortgage they can secure.
Julie Cosgrove, chief executive of Caledonia Housing Association, said, “Becoming a homeowner in today’s property market has become out of reach for many people and families – we are delighted that our shared equity homes can reduce the financial pressure and enable people to take that step on to the property ladder. The release of our nine new homes at Guildtown is also great news for prospective homeowners in Perthshire who are ready to buy a new build home in a lovely village setting.”