shared equity by CHA

New homes in Perthshire available to buy from Caledonia Housing Association through shared equity scheme

Date Posted: 4th of August 2021

We have released nine new homes in Perthshire this week as part of our shared equity scheme that gives people the opportunity of buying a new home without being required to fund the entire cost.

The nine shared equity homes are in addition to the 32 homes we are providing for affordable rent in the larger AJ Stephen Guildtown development, six miles north of Perth on the A93 road. The shared equity scheme homes are available to reserve from 2nd August and consist of one, two-bedroom bungalow and eight, two-bedroom houses, with prices beginning at £175,000.

The NSSE scheme requires buyers to purchase a minimum of 60% of the property, and up to a maximum of 80%, depending on a household’s income and the level of mortgage they can secure.

Once completed, Guildtown will offer the benefits of village living and access to a nearby primary school, a pub and a restaurant. The village’s close proximity to Perth, Scone & Blairgowrie make it an ideal for people looking for a quieter rural lifestyle.

Julie Cosgrove, Chief Executive of Caledonia Housing Association, said: “Becoming a home owner in today’s property market has become out of reach for many people and families – we are delighted that our shared equity homes can reduce the financial pressure and enable people to take that step on to the property ladder. The release of our nine new homes at Guildtown is great news for prospective homeowners in Perthshire who are ready to buy a new build home in a lovely village setting.”

Approval to purchase will be based on a first come first served basis for applicants who meet a set of criteria that includes first time buyers, existing tenants of any local authority or housing association, tenants renting privately, veterans or anyone in the Armed Forces, or their widows, widowers or partners and disabled home owners whose current home is no longer suitable for their needs.

Please click the links to find out about the Guildtown shared equity development including the equity house types and prices. Applications can be completed via our website here and applicants should have ready details of income, the size of mortgage required, the value of the personal contribution they are able to make and information about their current accommodation.

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