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LIFT – Low-cost Initiative for First Time Buyers in Scotland

Looking to buy your first home? With as little as 0% deposit required, Your Move could help you get a LIFT mortgage.

LIFT is the umbrella name for a number of Shared Equity schemes that have been designed by the Scottish government to help first time buyers with moderate incomes get a foot on the property ladder.

You are responsible for securing a mortgage, but you’ll receive support from the Scottish government – in the form of an interest loan – to put towards your mortgage deposit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Our initial mortgage consultation is free. We will charge a fee between £399 and £999 on mortgage application. The amount we will charge is dependent on the amount of research and administration required.

The three types of LIFT shared equity schemes are:

1. New Supply Shared Equity Scheme

Helps you purchase a new build property from a builder, Housing Association or Housing Cooperative.

2. New Supply Shared Equity Developers Trial and Scheme

Helps you purchase a new build property from a private builder who has been approved by the government.

3. Open Market Shared Equity

Helps you purchase a property on the open market being sold by any seller – not simply from builders of Housing Associations

Terms and conditions apply to all LIFT schemes.


Let Your Move guide you through the process.

Still unsure how LIFT works? Wondering if it could be right for you?

We can explain the LIFT schemes in an easily understood, straightforward way and you’ll benefit from Your Move’s award winning mortgage service.

Find out more about LIFT from one of our Financial Consultants by calling free on 0800 056 4508^, or book a mortgage appointment online.

All LIFT schemes are subject to eligibility. Terms and conditions apply, for further information see www.liftmortgage.co.uk

Please be aware that by clicking onto the above links you are leaving the Your Move website. Please note that neither Your Move or First Complete Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.

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