Question reference: S5W-04153
- Asked by: Alexander Burnett, MSP for Aberdeenshire West, Scottish Conservative and Unionist Party
- Date lodged: 31 October 2016
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Current status: Answered by Kevin Stewart on 11 November 2016
Question
To ask the Scottish Government what it is doing to encourage more lenders to support the Help to Buy (Scotland) Affordable New Build Scheme and other shared equity schemes.
Answer
The Scottish Government meets regularly with our scheme partner the Council of Mortgage Lenders to consider a number of issues related to the Help to Buy (Scotland) schemes, including encouraging new lenders to participate in the scheme and provision of mortgage products. We would encourage any lender considering offering products to do so.
Officials have also met directly with lenders, including new market entrants, during the scheme's operation and are willing to meet any prospective lender with an interest in providing support or mortgages for shared equity homes.