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Property

all you need for relocation to scotland: edinburgh

Property: Affordable homes for sale and rent

 

Edinburgh Council has a very helpful website where you can see all the new affordable homes being built across the city, their location, number of homes available and contact details. 

Because of the current financial climate, banks are being cautious when it comes to lend money to people who want to buy or even rent a property. Buying is relatively easy if you already owned a property that you sold and you're now buying a new one as, hopefully, you’ll have a big enough deposit to put a smile on the face of the bank manager. 

Things are different for first time buyers as they still have to make that first important step, getting on the property ladder (so to speak!). To help them, schemes are available, such as:

Shared ownership which is a type of low cost home ownership combining "renting" with owning. It is aimed at people who want to have a stake in the ownership of their own home, but are unable to buy outright. Priority will be given to first time buyers.

Shared equity offers first time buyer the opportunity to buy a percentage of a property and the housing association or the developer will own the remainder. The buyers can increase their percentage of ownership over time.

For more information, here are the contact details of the Affordable Housing Policy Unit at Edinburgh Council:

 Waverley Court Level C
34 East Market Street
Edinburgh
EH8 8BG

Telephone: (0044) (0)131 529 7804
Email: affordable.housing@edinburgh.gov.uk


You can have also have a look at the Link Group's Buyers Guides to apply for shared equity and shared ownership properties - buyers pay between 60% and 80% of the price of a home and Link pays for the rest using a grant from the Scottish Government.

There is also the Letfirst website which explains how they can help people who don't have money for a deposit for a private let.

gold-star.png Visiting the Edinburgh Solicitors' Property Centre (ESPC) website or their office in George Street is very useful as they provide advice on and advertise shared ownership and shared equity properties. 

The ESPC office is open Monday to Sunday.

Address:

90a George Street
Edinburgh
EH2 3DFT

Telephone: (0044) (0)131 624 8000
Email: help@espc.com

warning-32.png To familiarise yourself with the different areas in Edinburgh have a look at the "Areas overview" section.

 

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May
25
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