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New shared equity scheme to help Craigmillar first-time buyers

25 Feb 2010
  • PARC Craigmillar and the city council are backing the new shared equity scheme
New home buyers are to be offered help on to the property ladder through a £500,000 shared equity scheme in Craigmillar.

The scheme, operated by Craigmillar developer Parc and the city council, will be launched next month.

Buyers only have to put down a five per cent deposit rather than the average 25 per cent. Parc and the council will take a stake of up to 20 per cent in each property and the purchaser will have 20 years to buy over that share.

The homes on offer are one and two-bedroom apartments from £115,000 and two and three-bedroom houses from £145,000.

You can read more about this story here on the Edinburgh Evening News website

27 Feb 2010 | 1:57:28

JANET HANLON says

great idea

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