Low cost Initiative for First Time buyers (LIFT)
The threshold prices for homes bought through the Low Cost Initiative for First Time Buyers (LIFT) Open Market Shared Equity (OMSE) scheme have been updated in Midlothian. This follows a review by the Scottish Government.
If you buy through the LIFT scheme in Midlothian (on or after 16 December 2019), you can consider properties up to these price thresholds:
|Number of apartments||Threshold price|
An apartment is a habitable room such as a:
- living room
- dining room
- box room
Kitchens, bathrooms and conservatories are not classed as apartments.
The size of property you can buy depends upon how many people are in your household.
About the LIFT OMSE scheme
The Scottish Government provides an interest-free loan of between 10% and 40% of the cost of a home. It gets the same percentage back when the property is sold.
These groups can apply:
- First-time buyers
- Social renters
- People with a disability who can demonstrate a housing need
- Members of the armed forces
- Veterans who have left the armed forces within the past two years
- Widows, widowers and other partners of service personnel who have lost their life while serving in the armed forces within the last two years
- People over 60 who can demonstrate a housing need.
Find out more and apply online
Link Housing administer the LIFT scheme on behalf of the Scottish Government. Apply through Link’s dedicated LIFT team: