GCCFriday 04 September 2009
Views sought on Glasgow's future housing needsGlasgow City Council has launched a consultation on its draft Local Housing Strategy (LHS), to look at the future of all Glasgow’s housing across all tenures (2011-2016) and set a clear direction for investment in this sector.
The consultation runs until 18 December 2009, during which time responses and views are wanted from groups and individuals with an interest in Glasgow’s housing sector; including home owners and tenants, people looking for a home, statutory agencies for health, transport and community planning, voluntary and charitable organisations, homelessness organisations, Local Housing Forums, social and private landlords and the general public.
The consultation is based around the Local Housing Strategy’s aims:1. To advance the regeneration of the city
2. To raise the city’s housing in all tenures to satisfactory standards, maximising energy efficiency, with affordable costs, and to improve the quality of our neighbourhoods
3. To meet people’s changing needs for housing and promote independent living through housing support where needed
4. To prevent and alleviate homelessness through the delivery of effective services
5. To promote equality of access to appropriate housing and housing services and to monitor relevant processes effectively
6. To promote the effective delivery of housing services in the city including housing information and advice
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Anyone used this initiative ? seems a good way to move on to the property ladder.
First-Time Buyersscotland.gov.ukThe Scottish Government is committed to helping people on low to moderate incomes to meet their aspirations to become home owners, where that is sustainable for them.
Its Low-cost Initiative for First Time Buyers (LIFT) brings together several ways to help households get onto the housing ladder. These include:
the New Supply Shared Equity Scheme to allow first-time buyers to buy a new build property;
the Open Market Shared Equity Pilot Scheme to allow first-time buyers to buy a property on the open market;
Rural Home Ownership Grants (RHOGs) These are grants that help towards the costs of acquiring, building or renovating a home for people in rural areas who could not otherwise afford to buy. Further information is available here Helping you become a home owner in rural areas;
shared ownership where households buy part-ownership of a property and make an occupancy payment to a registered social landlord on the remaining portion; and
GRO grants for owner occupation These are grants to private developers to build houses for sale. They are used both to introduce housing for sale in areas with little or no private housing and to help meet local shortages.
What is shared equity?
Shared equity is a way to buy a home without having to fund all of it. When you buy a shared equity home you pay for the majority share in it and the Scottish Government pays the rest under an agreement which it enters into with you. You own the home outright, but the Scottish Government holds a security over the proportion of it has funded. When you later sell your home (or earlier if you want to increase your stake), the Government will receive the value at the time of sale of the percentage equity stake funded. If, for example, the Government funds 40 per cent of the purchase price, when the property is sold 40 per cent of the sale value of the property will be returned to the Scottish Government.
Who is shared equity for?
Both shared equity schemes are open to all first-time buyers on low to moderate incomes. Some buyers (for example, people currently living in council or housing association housing or those from the armed forces) may be given priority if there are more buyers than available houses.
The schemes can also sometimes help people who are not first-time buyers, for example those who are looking for a new home after a big change in their household circumstances. They may also be able to help disabled people to access more suitable housing.