The Scottish Government initiative of Help to Buy is now available and will run until the 31st March 2019, a 5% deposit can secure a brand new home, with only 85% of the purchase price then payable.

The 2 and 3 bed houses highlighted below can be purchased outright or alternatively customers who meet the required criteria can purchase these properties with the assistance of the Help to Buy (Scotland) Scheme run by the Scottish Government

With the Help to Buy Scheme you can purchase a brand new home with only a 5% deposit, and the Scottish Government will provide you with up to a 15% equity loan, allowing you to take out a mortgage of only 85%. The five houses we’ve designated for this scheme all benefit from the nationally acclaimed NHBC 10 year guarantee.

APPLICATION FORM
The application form can be simply downloaded by clicking on this link. Once completed it can be taken to the Orkney Housing Association using the details below. If you are unable to download an application please call 01856 781300 and request a paper application form to be sent to you.

COMPLETED APPLICATIONS
If you then wish to purchase using the Help to Buy Scheme you should send your competed application form to: Help to Buy Scheme, Orkney Housing Association, 39a Victoria Street, Kirkwall, KW15 1DN. Or you can e-mail it to [email protected]

Find out more about the Help to Buy Scheme by clicking here

The scheme will be closed by the Scottish Government on the 31st March 2019. It is open to all buyers, not just first time buyers, to purchase a new home. This means that existing homeowners can participate in the scheme as long as they sell their home first. The Help to Buy Scheme is a type of shared equity which can provide increased flexibility for people seeking a brand new home, significantly reducing their financial outlay.

Should you wish to purchase any of these homes without the assistance of the Help to Buy Scheme then please contact [email protected], 01856 781 300 where a reservation can be made.

Westray:
2 bedrooms, Floor area circa 70m2

Rousay:
3 bedrooms, Floor area circa 90m2

Hoy:
4 bedrooms, Floor area circa 125m2

Ronaldsay:
5 bedrooms, Floor area circa 150m2


Download Application Form

House TypeBedroomsPlotsPrice15% Help to BuyYOU PAY5% Deposit
Westray 2 6 & 7 £140,000 £21,000 £119,000 £7,000
Westray Detached 2 8 £145,000 £21,750 £123,250 £7,250
Rousay 3 2 & 3 £170,000 £25,500 £144,500 £8,500

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

St. Mary’s Housing is a registered developer for the Scottish Government Help to Buy Scheme.

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