Homestake advice
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Are you searching for impartial Homestake advice?
In early 2008 the Homestake programme was replaced with the LIFT shared ownership scheme being trialled across Scotland. Please see our dedicated LIFT mortgages pages for more information.
Our team of experienced consultants is on hand to answer any questions you may have and help you find the best deal on the market. We look through hundreds of offers for the best Homestake rates and terms. Call us on 0845 603 1525 for more Homestake advice and assistance.
What is Homestake?
Homestake is a scheme set up by Communities Scotland to help low income people get a foot on the property ladder. Like shared ownership, this works by allowing you to purchase a percentage of the property while a registered Homestake social landlord buys the remainder. When you can afford to, you can buy back the rest of the house at a later date.
You can find out how much you can afford to borrow using our Homestake calculator. As with all types of mortgage, you need to make sure that you can keep up your repayments, or you run the risk of losing your home.
More Homestake advice – are you eligible for Homestake?
Currently, Homestake is only available to residents of Scotland. You should also meet one or more of the following categories:
Low income household
You cannot afford housing without Homestake
First time buyers
You have special housing requirements, for example housing for the elderly or disabled
You have had a significant change in your circumstances (for example a divorce or bereavement)
You need to live in a particular area for a special reason
You can also afford the repayments on the Homestake property
Find Homestake advice with First Mortgage
Call us on 0845 603 1525 for more Homestake advice and assistance. We are happy to discuss your situation and help you find a Homestake property in your area.
The overall cost for comparison is 6.6% APR. The actual rate will depend on your circumstances. Ask for a personalised illustration.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
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