To ask the Scottish Executive how many potential homeowners are on a waiting list for assistance under the Low-cost Initiative for First-time Buyers, broken down by local authority.
In October 2007, the Cabinet Secretary for Health and Wellbeing announced the establishment of a new Low-cost Initiative for First-Time Buyers (LIFT) to bring together a range of Scottish Government initiatives to help households get onto the housing ladder.
LIFT covers a broad range of support for first-time buyers, including the New Supply Shared Equity and Open Market Shared Equity pilot schemes; shared ownership; Rural Home Ownership Grants (RHOGs), and GRO grants for owner occupation (grants to private developers to build low cost housing for sale).
The only waiting list information held centrally for LIFT relates to the Open Market Shared Equity Pilot scheme. Waiting lists for New Supply Shared Equity and shared ownership are held locally by RSLs. There are no waiting lists for RHOGs.
With regard to the Open Market Shared Equity Pilot scheme, as at 15 May 2009 there were 77 potential applicants on a reserve list in the following three local authority areas:
Local Authority | Number on Waiting List |
Aberdeen City | 27 |
Aberdeenshire | 7 |
Highland | 43 |
Total | 77 |
There are no reserve lists being held in any other local authority areas.
In order to ease demand for the scheme in the Grampian and Highland Open Market Shared Equity Pilot scheme administrative areas, a further £1.2 million has been allocated to each of these areas. This should allow a further potential 30 purchasers to benefit from the scheme in each area. The scheme will continue to be monitored closely in relation to applications and sales levels across the country.