Glasgow Credit Union launches own homebuy scheme

Thu, 20 Aug 2015

Glasgow Credit Union launches own homebuy scheme
There is good news for prospective first time buyers in Glasgow as the Glasgow City Council and Glasgow Credit Union have formed a partnership to help those trying to get onto the property ladder.

The pilot scheme has been approved by the council's executive committee and hopes to be able to boost people to home ownership. As with the Help to Buy schemes, it targets those who could theoretically afford a mortgage, but cannot afford the deposit that is needed for one.

Up to £4million has been allocated for mortgage funding, and the council will be acting as a guarantor on behalf of the borrowers.

The chief executive of Glasgow Credit Union, June Walker, said "For many, especially the younger generation, saving for a deposit for their first property can be an impossible task. This well provide them the opportunity to get onto the property ladder.

The scheme is hoping to attract 50 first time buyers, and offers an alternative to the Help to Buy schemes. Glasgow Credit Union claims to be the largest in the UK, and serves just those in the G postcode.

The scheme gives people the chance to be helped out by the community to make their first buy in the housing market, while helping out the community in return.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch