Low-cost Initiative for First Time Buyers (LIFT) shared equity schemes: FOI release
- Published
- 16 November 2023
- Directorate
- Local Government and Housing Directorate
- Topic
- Housing, Public sector
- FOI reference
- FOI/202300374848
- Date received
- 6 September 2023
- Date responded
- 3 October 2023
Information request and response under the Freedom of Information (Scotland) Act 2002
Information requested
How many first time buyers have successfully been supported by:
A) the Open Market Shared Equity scheme (OMSE), and
B) New Supply Shared Equity scheme (NSSE) scheme in the years 2020, 2021 and 2022.
You have also asked for the breakdown of how many first-time buyers have been successfully supported through each of the thirteen LIFT mortgage lenders in the most recent calendar years available (Bank of Scotland, Barclays Bank, Capital Credit Union, Halifax Building Society, Leeds Building Society, Lloyds Bank, Nationwide Building Society, Natwest Bank, Scottish Building Society, TSB Bank, and ScotWest Credit Union).
Response
The answer to your first question is detailed in the tables below:
A) OMSE
2020 | 2021 | 2022 | |
---|---|---|---|
FIRST TIME BUYER PURCHASES | 660 | 1023 | 561 |
B) NSSE
2020 | 2021 | 2022 | |
---|---|---|---|
FIRST TIME BUYER PURCHASES | 116 | 172 | 86 |
For your second question, the 13 mortgage lenders you list are only applicable to the OMSE scheme and that list is not exhaustive. There were other lenders used in the scheme however the below table outlines the number of first-time buyers who used one of the 13 lenders for their OMSE purchase:
LENDERS |
|
|||||
|
2020 |
2021 |
2022 |
|
TOTAL |
|
Bank of Scotland |
0 |
8 |
0 |
|
8 |
|
Barclays |
5 |
33 |
23 |
|
61 |
|
Capital Credit Union |
1 |
1 |
0 |
|
2 |
|
Halifax |
49 |
284 |
67 |
|
400 |
|
Leeds |
4 |
47 |
40 |
|
91 |
|
Lloyds |
0 |
0 |
0 |
|
0 |
|
Nationwide |
29 |
109 |
51 |
|
189 |
|
Natwest |
71 |
372 |
275 |
|
718 |
|
Scottish Building Society |
0 |
5 |
3 |
|
8 |
|
TSB |
20 |
82 |
68 |
|
170 |
|
Scotwest Credit Union |
0 |
1 |
0 |
|
1 |
About FOI
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.
Contact
Please quote the FOI reference
Central Enquiry Unit
Email: ceu@gov.scot
Phone: 0300 244 4000
The Scottish Government
St Andrews House
Regent Road
Edinburgh
EH1 3DG
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