18 Aug 2023

Unlocking the benefits of Scotland's LIFT scheme

Unlocking the benefits of Scotland's LIFT scheme

Buying your first home is a common dream for many individuals and families in Scotland. However, the hurdles of affording a property, especially for first-time buyers or those on low incomes, can feel unachievable. Fortunately, the Low-Cost Initiative for First-Time Buyers (LIFT) scheme offers a lifeline to aspiring homeowners, and our dedicated mortgage advisers are here to guide you through the process. In this blog post, we'll explore the benefits of the LIFT scheme, how it works, and how our advisers can help you turn your homeownership dream into a reality.

Understanding the LIFT Scheme

The LIFT scheme is designed to help individuals and families overcome the financial challenges of buying their first property. It encompasses various initiatives, such as New Supply Shared Equity (NSSE) and Open Market Shared Equity (OMSE), offering financial support to eligible homebuyers.

New Supply Shared Equity (NSSE)

Under NSSE, first-time buyers can purchase a new-build property from registered social landlords or housebuilders. The scheme allows homebuyers to acquire a property with a more manageable deposit and mortgage, as the Scottish Government or housing association provides an equity stake.

Open Market Shared Equity (OMSE)

OMSE extends the opportunity to purchase a property on the open market. Homebuyers can receive assistance from the Scottish Government or a housing association, reducing the financial burden and making homeownership more achievable.


How we can help

Navigating the LIFT scheme and the mortgage process can be complex, but our experienced mortgage advisers are here to support and guide you every step of the way.

Understanding eligibility

Our advisers will determine your eligibility for the LIFT scheme, considering factors such as income, property type, and location. They will carefully assess which initiative aligns best with your circumstances, ensuring you can make an informed decision.

Calculating affordability

Our experts will assess your financial situation to calculate the maximum mortgage you can afford under the LIFT scheme. This ensures that you find a property that suits your budget and provides long-term financial security.

Mortgage advice

With access to an extensive network of lenders, our mortgage advisers will help you find the most suitable mortgage product that complements the LIFT scheme. They will explain the terms, interest rates, and repayment options, ensuring you make the right choice for your future.

Application Guidance

Navigating the application process for the LIFT scheme and securing a mortgage can be daunting. Our advisers will guide you through each step, preparing the necessary paperwork and liaising with lenders and housing associations to ensure a seamless experience.


The LIFT scheme is a powerful tool that opens doors to homeownership for many aspiring buyers. With the guidance and expertise of our dedicated mortgage advisers, you can confidently explore the LIFT scheme's possibilities and find your ideal property.

Let us help you turn your homeownership dreams into reality, as we walk alongside you on this exciting journey towards owning your dream home.

Get in touch with our team today to embark on your path to homeownership through the LIFT scheme: https://acmortgages.com/

If you're not currently ready to purchase a home but would still be interested in learning more then sign up here for details on our upcoming first-time buyer events: https://acandco.typeform.com/to/flzjXFcb

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