These houses can be purchased outright or alternatively purchasers who meet the required criteria can purchase through the Help to Buy (Scotland) Affordable New Build Scheme or the Open Market Shared Equity Lift Scheme (OMSE). With Help to Buy you can buy a brand new home with only a 5% deposit and the Scottish Government providing you with up to a 15% equity loan, allowing you to purchase with a mortgage of only 80% of the sale price of the house. With OMSE, the Scottish Government can take up to a 40% stake in the price of a property advertised on the open market.
Key: Plot Available A: 2 Bed Villa B: 3 Bed Villa C: 4 Bed Villa D: 5 Bed Villa
Please click on a plot for more information.
The Help to Buy scheme can help you to buy a brand new home with only a 5% deposit. The Scottish Government provides you with up to a 15% equity loan. This allows you to purchase with a mortgage of only 80% of the sale price of the house. See the table below for pricing details on each of our house types through Help to Buy.
|Type||Bedrooms||Price||15% Help to Buy||You Pay||5% Deposit|
Security over your home is required. Your mortgage lender's deposit requirements will vary, but you should usually expect to contribute a deposit of at least 5% of the purchase price. Available on selected properties, and subject to the government's specific terms, conditions and qualifying criteria. Please consult Orkney Builders (Contractors) Limited's sales advisor for further details. The Government may lend you up to 15% of the property value through an equity loan which can be repaid at any time during the loan term or on the sale of your home. The Help to Buy (Scotland) Affordable New Build Scheme is available for existing home owners as well as first time home buyers.
The Open Market Shared Equity Scheme helps people who want to buy a home on the open market but are unable to meet the full price. The scheme is available to first-time buyers and other priority group applicants. Eligible applicants can receive between 10% and 40% toward the purchase price of a property that has been advertised on the open market.
Below is an example of a 5 bedroom property where your stake is 60% and the Scottish Government's stake is 40%.
|Type||Bedrooms||Price||Your Stake (60%)||Scottish Government's Stake (40%)|
If you are interested in one of our properties, you can follow the steps below.