LIFT/Help To Buy, and Shared Equity
Low-cost Initiative for First Time Buyers (LIFT) shared equity schemes help first-time buyers on low to moderate incomes to buy a home. There are two main shared equity schemes:
- Low-cost Initiative for First Time Buyers (LIFT) scheme – helps first-time buyers to buy a home on the open market.
- New Supply Shared Equity (NSSE) scheme – helps first-time buyers to buy a new-build home from a council or housing association.
- Help to Buy Small Developers – helps people buy a new-build home from small and medium-sized house builders.
- The First Home Fund is a shared equity scheme to provide first- time buyers with up to £25,000 to help them buy a property that meets their needs and is located in the area where they want to live.
All of these schemes require specialist knowledge and at HMC we can advise on your eligibility and assist with the applications.