Shared Equity

The East Dunbartonshire Council Shared Equity for Sale Scheme

The East Dunbartonshire Council Shared Equity for Sale Scheme (SESS) gives financial help to people who cannot afford the full purchase price of a home. 

The scheme allows people to buy a share in a property, which can either be built by the Council, a Housing Association or in partnership with a housing developer.  The share you obtain will usually be between 60% and 80% of the property and you will only pay for your share.

For example, if you pay for 80% of a property, the Council will pay for and be entitled to the remaining 20% share of the property. When you sell the property the Council may choose to purchase your share from you or will be entitled to a share of the money paid for the property on sale.

Qualifying Criteria/Priority Groups

The Shared Equity for Sale Scheme aims to help residents to access home ownership if they have a maximum gross annual as detailed below (See linked document for further qualifications).

Bearsden and Milngavie Maximum Income
Single Applicant Income* £42,713
Household with More than One Income £49,834

 

Strathkelvin Maximum Income
Single Applicant Income* £31,572
Household with More than One Income £36,834 

 

*In those circumstances where a single income is being used to apply for a multi-person household with non-earning dependents (in particular for children), the upper maximum threshold will also be considered.

The scheme is predominantly aimed at first time buyers living in East Dunbartonshire, particularly those in Social Rented accommodation or on our housing list. 

However, preference will also be given to:

  • People who are homeless or threatened with homelessness and have had a homelessness assessment carried out by the Council
  • People with a disability whose current home doesn't suit their needs
  • Residents living in housing that is Below Tolerable Standard
  • People leaving the armed forces, or veterans
  • People who have experienced a significant change in their circumstances, such as separating households or are subject to mortgage stress

Thereafter, applicants will be ranked in order of date of application and those on the Council’s housing list will be considered first.  This may mean that a resident living outwith East Dunbartonshire could be offered a shared equity property but only once the above groups have been exhausted.

If you have any query's regarding the application please use the General Enquiry Form or call 03001234510.