Affordable homes to be made more accessible to over 60s

Affordable homes will be made more accessible to over 60s with the introduction of greater flexibility to shared equity schemes, Housing Minister Kevin Stewart has announced.

For the first time, older people will be able to access a range of home ownership schemes offered by the Scottish Government.

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These can remove the requirement for a mortgage contribution and make older people a priority access group.

It can also provide options that brings older people closer to family and care support, as well as being more affordable and suitable for their needs – including downsizing, or with the option to buy a retirement or supported home.

Stewart said: “People are living longer, which is to be celebrated, and I want to ensure they can access high quality and affordable housing that meets their needs and enables them to continue living independently.

“As we age, our housing needs can change – we are responding to that with new and innovative solutions.

“These schemes will give older people the opportunity for home ownership that works for them and ensure they are part of our bold ambitions for affordable housing.”

The announcement follows a successful pilot run at the Abbey Place development in Paisley which targeted those aged 60 and over.

The development includes 38 ‘independent living’ homes aimed at retirement living, through shared equity and social rent.

Councillor Marie McGurk, convener of Renfrewshire Council's communities, housing and planning policy board, said: "We are committed to providing high quality, affordable homes which suit the needs of older people in Renfrewshire to ensure they can remain in their own home and live independently for as long as possible.

“The Abbey Place development caters for the requirements of older people and has been a key element in the ongoing regeneration of Paisley town centre.”