Low-cost Initiative for First Time Buyers (LIFT) shared equity schemes: FOI release

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

Back to top