Make a Places for People home your own with the shared equity scheme

Dreaming of owning your own home in Chapelton? Good news – it could now be even easier!

One of our trusted home builders, Places for People, is working with the Scottish Government to help make home ownership more achievable through the New Supply Shared Equity (NSSE) scheme.

And to help you find out how it all works, Places for People is hosting a special shared equity event on Saturday 29th November, where you can discover how this scheme could help you move into your dream home right here in Chapelton.

When: Saturday 29th November, 12:00 – 16:00

Where: 149 Greenlaw Road, Chapelton, AB39 8AB

Why attend: Meet the friendly team, ask questions and find out if shared equity could be the key to your brand new home!

What is shared equity?

If you’ve ever felt like owning a home is just out of reach, shared equity could be the helping hand you’ve been waiting for.

The New Supply Shared Equity (NSSE) scheme is designed to make buying a home more affordable, especially for first-time buyers and those who may find it tricky to take that first step onto the property ladder.

With NSSE, you can own 100% of your home while paying 60-80% of the property’s value. The remaining balance is funded by Places for People and the Scottish Government. 

Instead of borrowing the full purchase price through a traditional mortgage, you take out a smaller mortgage for part of the property’s value, while the rest is covered through the scheme. And when you buy a Shared Equity home with Places for People, you could move in from as little as £129 a week!*

Unlike with other schemes, with shared equity you own your home outright from day one and there’s no rent to pay on the remaining share. The third-party simply holds a stake in the property’s value, which you can buy into further down the line (known as ‘staircasing’). Alternatively, if you decide to move on, that share can simply be repaid when you sell the property.

Who is eligible for shared equity?

To buy a Places for People home under the shared equity scheme, you need to meet the eligibility requirements and pass affordability checks.

To qualify, you must have a household income of under £58,000 a year in Scotland and be unable to afford a suitable home with a standard deposit and mortgage.

You will also usually need to meet one of the following criteria: be a first-time buyer, be over 60 years of age, be moving out of social housing, be an ex-veteran, be not currently a homeowner, or be an existing homeowner whose property no longer meets your needs.

You’ll also need to have a deposit of at least 5% of the share you want to buy and, if you’re not a cash buyer, be able to secure a mortgage for the remainder of your share.

What shared equity homes are available in Chapelton?

Places for People currently has a range of two and three bedroom homes available in Chapelton – including The Auchleish and The Ballantyne.

These bright, modern and energy-efficient homes are perfect for first-time buyers, growing families or downsizers looking for comfort, style and a welcoming sense of community.

Don’t miss the shared equity event!

If you’re interested in putting down roots in Chapelton and taking that exciting first step onto the property ladder, this event is for you.

Come along to the shared equity event on Saturday 29th November from 12 to 4pm at 149 Greenlaw Road, Chapelton, AB39 8AB to chat to the Places for People team, explore your options and see how shared equity could make owning your dream home a reality.

*Terms and conditions

The monthly mortgage payment is based on the Shared Equity purchase price of £230,000. Shared Equity can be offered based on affordability between 60% and 80%. These are indicative costs, subject to change and subject to affordability and credit checks. These costs were last updated 6th November 2025. Your home may be repossessed if you do not keep up repayments on your mortgage. We recommend taking advice from your recommended broker who will find the right deal for your buying circumstances

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