First-Time Buyers Locked Out as Scottish Government Reshapes Equity Scheme
Scotland’s flagship Open Market Shared Equity plan is shifting focus, squeezing out first-time buyers in favor of targeted groups. The Scottish Government has revamped its OMSE (Open Market Shared Equity) scheme, removing most first-time buyers except those in priority categories such as social renters and people with disabilities. Critics say the changes risk sidelining young Scots struggling with high rents and mortgage hurdles. Priority Groups Prevail—But at What Cost? First-time buyers, once the backbone of OMSE, now find themselves largely ineligible. This shift follows a sharp fall in scheme participation last year. Government officials argue that narrowing the focus will…
