The Scottish Government is committed to helping people meet their aspirations to become home owners and has recently announced an expansion of its scheme to help first-time buyers, The Open Market Shared Equity Pilot (OMSEP). The scheme is being rolled out across Scotland with an increased budget of £60 million for 2009-2010. It is expected to help around 1,500 households this year.
The scheme is part of the Scottish Government's Low-cost Initiative for First Time Buyers (LIFT), to help people on low to moderate incomes buy an affordable home.