The Scottish Government has unveiled flexible shared equity schemes that will allow older people to gain greater access to 'affordable' housing.

Under the proposals, older people will be able to access a range of home ownership schemes that will remove the requirement for a mortgage contribution and make older people a priority access group.

Further options will be included that brings older people closer to family and care support, and are more 'affordable' and suitable for their needs, such as downsizing and the option to buy a retirement or supported home.

The schemes older people can now benefit from are;

• Open Market Shared Equity scheme

• Help to Buy (Scotland) Affordable New Build scheme and;

• New Supply Shared Equity scheme.


Speaking during a visit to Link Group's 38-home Abbey Place development in Paisley, Housing Minister Kevin Stewart said for the first time ever older people will have more choice and be empowered to make the best decision for them.

"That could mean downsizing, buying a retirement home, or moving to a property that brings them closer to the support they need," he said.

"As people get older their housing needs can change - we are responding to that with new and innovative solutions. These schemes can provide older people the opportunity to realise the home ownership that works for them and ensures they are part of our bold ambitions for affordable housing."

Craig Sanderson, Chief Executive of Link Group Ltd said: "We're delighted that our Abbey Place development has given older people in Paisley the opportunity to buy an affordable, high-quality home suitable for retirement living.

"Schemes such as Shared Equity play an important part in helping older people purchase a home that's right for them."

Cllr Marie McGurk added: "We are committed to providing high quality, affordable homes which suit the needs of older people in Renfrewshire to ensure they can remain in their own home and live independently for as long as possible.

"The Abbey Place development caters for the requirements of older people and has been a key element in the ongoing regeneration of Paisley Town Centre."

(LM/MH)