Mortgage to Shared Equity Information
Mortgage to Shared Equity is part of the Home Owners' Support Fund. The Scottish Government can take a financial stake in your home. You will still own your home and continue to have responsibility for maintaining and insuring it but you will be able to reduce the amount you have to pay to your lender each month.
Mortgage to Shared Equity will not be the best option for everyone. There is also Mortgage to Rent (details can be found here). To find out if it is right for your situation you should seek advice. You must get advice before you apply. The Government's information leaflet is available from the table below.
We offer a free and independent Welfare Rights Service to our tenants, owners and sharing owners, in partnership with the Clydebank Independent Resource Centre (CIRC).
The service is available between 10.00am and 1.00pm every Tuesday and Thursday of the month. Tuesday at CIRC's office and Thursday at Centre81, 2-16 Braes Avenue, Whitecrook. Call CIRC on 0141 951 4040 or ourselves on 0141 941 1044 to make an appointment.
Alternatively, you can get advice from a number of sources including Citizens Advice Scotland, Money Advice Scotland and Consumer Credit Counselling Service (CCCS). These sources will be able to tell you what your options are and discuss them with you.
If you want to know more about the scheme please contact the office.
For your information, contact details for those agencies listed above are shown here:
West Dunbartonshire Citizens Advice Bureau
Clydebank Social Economy Centre
63 Kilbowie Road,
Clydebank G81 1BL
Tel: 0141 435 7590
Fax: 0141 435 7591
Money Advice Scotland
Consumer Credit Counselling Service (CCCS)
Tel: 0800 138 1111 (8am to 8pm Monday to Friday)