Help to Buy (Scotland) Affordable New Build Scheme definition

Help to Buy (Scotland) Affordable New Build Scheme means the Scottish Government affordable home ownership initiative of the same name which is intended to operate across the whole of Scotland as described in the Help to Buy Affordable New Build (Scotland) Scheme guidance published by the Scottish Ministers from time to time;
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Examples of Help to Buy (Scotland) Affordable New Build Scheme in a sentence

  • The Help to Buy (Scotland) Affordable New Build Scheme aims to help both first time buyers and existing homeowners to buy an affordable new build home where this is sensible and sustainable for them to do so.

  • B The Provider has registered with the Scottish Ministers in order to promote and facilitate access to the Help to Buy (Scotland) Affordable New Build Scheme product among potential purchasers in relation to its Eligible Dwellings.

  • A The Scottish Ministers have agreed pursuant to the Help to Buy (Scotland) Affordable New Build Scheme to make funds available to assist Eligible Purchasers to purchase Eligible Dwellings in Scotland for their own occupation.

  • C The parties have entered into this Agreement for the purposes of the Provider’s participation in, and Scottish Ministers’ effective management of, the Help to Buy (Scotland) Affordable New Build Scheme.

  • In relation to each Eligible Dwelling identified by the Provider for the future receipt of the Help to Buy (Scotland) Affordable New Build Scheme Equity Funding, either the Provider or one of its Group Companies (a) has, or (b) will have prior to any drawdown of Equity Funding in respect of that Eligible Dwelling, or (c) can procure pursuant to binding contractual arrangements with the proprietor of the Eligible Dwelling, a Good and Marketable Title to such Eligible Dwelling.

  • Where a larger builder is eligible to be registered for the purposes of the main Help to Buy (Scotland) Affordable New Build Scheme (i.e. the home builders is listed in Annex A), no subsidiary company or joint venture or other company or entity which is closely linked to that larger builder will be permitted by Scottish Ministers to register to participate in the Help to Buy (Scotland) Small Developers scheme.

  • On 21 January 2016 the Cabinet Secretary for Social Justice, Communities & Pensioners’ Rights announced that the Help to Buy (Scotland) Affordable New Build Scheme was open for home builders to register and that applications to the new scheme would start from 1st March 2016 onwards.

  • The scheme is split into the main Help to Buy (Scotland) Affordable New Build Scheme and the Help to Buy (Scotland) Smaller Developers Scheme.

  • The Help to Buy (Scotland) Affordable New Build Scheme is designed to help people move on to or up the housing ladder and so the Shared Equity Owner should consider tranching up pursuant to Clause 3 of this Agreement before carrying out any additions or improvements to the Property.

  • Background The Scottish Government’s Help to Buy (Scotland) Affordable New Build Scheme (referred to as ‘Help to Buy’) and the First Home Fund operate in slightly different ways: • Help to Buy: is open to first time buyers and existing homeowners.

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