Home Ownership Schemes
If you own your home and are in danger of having it repossessed the Scottish Government have introduced support schemes which may be able to help you.
Homeowners' Support Fund
The Homeowners' Support Fund (HOSF) provides two schemes to help Scottish home owners struggling to keep up with mortgage payments
- Mortgage to Shared Equity
- Mortgage to Rent
Mortgage to Shared Equity
The Mortgage to Shared Equity scheme involves the Scottish Government taking a financial stake in the home of an owner who is in danger of being made homeless.
Mortgage to Rent
An improved Mortgage to Rent scheme helps people facing repossession to stay in their home as tenants of a social landlord.
The schemes are intended to help homeowners with lower value homes who are unable to downsize, who cannot access the HMS scheme.
Contact your local money advice service first
Before the suitability of a homeowner for admission to the Homeowners' Support Fund can be considered by the lender, the homeowner must access independent money advice from an approved money adviser from the not-for-profit sector, such as
The purpose of accessing money advice is to ensure that the homeowner understands all of the options available to him/her, and specifically the key risks and benefits of the HOSF scheme so that the homeowner is in a position to make an informed choice should his lender offer admission to the scheme.
External Links
See also
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Contact information
For further information about this page please contact:
Senior Adviser (Money & Welfare Benefits Advice Team), Housing
Lime Tree House, Castle Street, Alloa, FK10 1EX
Tel: 01259 452405 Fax: 01259 452400
Email: moneyadvice@clacks.gov.uk
Or use the on-line contact form
