Looking to buy your first home in Scotland? Look no further than Rettie Financial Services. Our team of experienced professionals can help guide you through the application process for the Low Cost Initiative for First Time Buyers (LIFT) Open Market Shared Equity (OMSE) scheme, which helps first-time buyers and other priority groups get onto the property ladder by providing an interest-free loan towards the cost of a home.

Recent changes to the LIFT scheme have made it even more accessible to a wider range of buyers. For example, the removal of property size restrictions means that you can now purchase any size of property as long as you meet the financial criteria and the property is large enough to avoid overcrowding. Additionally, property price thresholds have increased in 26 local authority areas, providing more options for buyers.

At Rettie Financial Services, we know that buying a home can be a daunting experience, which is why we offer personalised support and guidance from start to finish. When you work with us, you'll have access to a dedicated mortgage advisor and case manager who will be by your side every step of the way, from assessing your eligibility to helping you find the perfect property within your budget. We'll work with you until you pick up the keys to your new home, providing expert financial advice along the way to ensure that you're making the most of this valuable opportunity.

Who is eligible?

  • The scheme is available to first-time buyers and priority target groups, including social renters, people with disabilities who can demonstrate a housing need, members of the armed forces and veterans who have left within the past two years, widows, widowers and partners of service personnel who have lost their life within the last two years, and people over 60 with a housing need who don't need to take out a mortgage.
  • To be eligible, you must be unable to afford the property without the scheme's support, and unless you're over 60, you'll need to take out a mortgage.
  • All purchasers must be first-time buyers unless at least one purchaser falls within one of the other priority target groups and will no longer own another property at the point of purchase via the scheme.

Terms & Conditions

Link Housing administers the LIFT scheme on behalf of the Scottish Government for the whole of Scotland; applications to the scheme are made through Link’s dedicated LIFT team, eligibility criteria applies. Always seek independent financial advice before applying.

To find out more, visit www.linkhousing.org.uk/LIFT

You can speak with Rettie Financial Services to learn about the criteria for the LIFT scheme and how they can help you apply. Applying online is easy, and the best part is that the scheme is completely free to apply for, with no obligation to buy a property once you've been approved.

How does it work?

If you're interested in the LIFT Scheme, we're here to help. You can easily access all the information you need by clicking on this link: LIFT Open Market. However, if you want to speak with a qualified expert who can guide you through your options and answer any questions you might have, we suggest booking an appointment with one of our professional advisors.

Our team can provide you with personalised support, discussing the LIFT Scheme with you in detail, and helping you make the best decision for your unique situation. Additionally, it's worth noting that the first step in the home-buying process is getting an agreement in principle, and at Rettie Financial Services, we have you covered. Our team can help you get pre-approved for a mortgage, so you know exactly what you can afford before you start your property search.

Don't miss out on the opportunity to own your own home through the LIFT scheme. Contact Rettie Financial Services today to schedule a free consultation, and we'll help you get started on your journey to home ownership.

GET IN TOUCH TODAY with our Mortgage and Protection Team to organise a no obligation consultation.

Book: here

Call us on: 03301 759 977

Email us on: financialservices@rettie.co.uk

Rettie Financial Services Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Rettie Financial Services Ltd. Registered Office Address: Deuchrie, Dunbar, East Lothian, United Kingdom, EH42 1TG. Registered in Scotland Number: SC711925.

For insurance business we offer products from a choice of insurers.

Your home may be repossessed if you do not keep up repayments on your mortgage.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There is no guarantee that it will be possible to arrange continuous letting of your property, nor that rental income will be sufficient to meet the cost of your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.

The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.