This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/scotland/7197791.stm
The article has changed 3 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| First time buyers offered support | First time buyers offered support |
| (9 minutes later) | |
| Scotland's communities minister has announced a £24m funding package to help hundreds of first-time buyers get a foot on the property ladder. | |
| Stewart Maxwell unveiled plans for government grants and shared equity schemes to help those on low incomes. | |
| The Open Market Shared Equity scheme was previously trialled in Edinburgh and Lothians and will be rolled out in six other areas. | The Open Market Shared Equity scheme was previously trialled in Edinburgh and Lothians and will be rolled out in six other areas. |
| People in Highland, Aberdeen and Moray are among those included. | |
| The initiative, which allows people to buy a home on the open market with the assistance of a housing association, has been extended to cover Aberdeenshire, Stirling and Perth and Kinross. | |
| Housing supply is failing to match demand and first-time buyers are being priced out of the market adding to the pressures on an already stretched social rented sector. Stewart Maxwell Communities Minister | Housing supply is failing to match demand and first-time buyers are being priced out of the market adding to the pressures on an already stretched social rented sector. Stewart Maxwell Communities Minister |
| Mr Maxwell said: "Through the Low-cost Initiative for First-Time Buyers, we are expanding assistance through a mix of government grants, shared-equity schemes and mortgage-related products and services. | Mr Maxwell said: "Through the Low-cost Initiative for First-Time Buyers, we are expanding assistance through a mix of government grants, shared-equity schemes and mortgage-related products and services. |
| "Housing supply is failing to match demand and first-time buyers are being priced out of the market adding to the pressures on an already stretched social rented sector. | "Housing supply is failing to match demand and first-time buyers are being priced out of the market adding to the pressures on an already stretched social rented sector. |
| "I am particularly keen to work with private lenders and investors to help achieve more shared-equity homes for first-time buyers, by taking forward our manifesto commitment to create a Scottish Housing Support Fund." | "I am particularly keen to work with private lenders and investors to help achieve more shared-equity homes for first-time buyers, by taking forward our manifesto commitment to create a Scottish Housing Support Fund." |
| Out of reach | Out of reach |
| James Jopling, head of campaigns for Shelter Scotland, welcomed the scheme. | James Jopling, head of campaigns for Shelter Scotland, welcomed the scheme. |
| He said it would allow more people a chance to buy a first property. | He said it would allow more people a chance to buy a first property. |
| But more investment was needed to ensure everyone had the right to affordable housing, he added. | But more investment was needed to ensure everyone had the right to affordable housing, he added. |
| "What this scheme won't do is help people for whom even buying 60% of a house is way out of reach," he said. | "What this scheme won't do is help people for whom even buying 60% of a house is way out of reach," he said. |
| "With over 9,000 individuals and families in temporary accommodation and around 200,000 on house waiting lists, the big priority is to increase real choice for those excluded from decent housing. | "With over 9,000 individuals and families in temporary accommodation and around 200,000 on house waiting lists, the big priority is to increase real choice for those excluded from decent housing. |
| "That means delivering much more affordable housing for rent." | "That means delivering much more affordable housing for rent." |