Homestake is a ‘shared equity’ scheme. What it means is that when you buy a home from Sanctuary Scotland we share the cost of the property with you. So rather than you having to fund the whole cost of your house, we can pay up to 40% of its purchase price.

So, if you can afford a mortgage that is between 60% and 80% of the purchase price, we will provide the remaining amount with the help of the government grant.

This is basically a payment-free loan. However, under the scheme, you will always own the property no matter what changes there are in its future value.