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Golden Share – Scotland

You could purchase a qualifying home in the City of Edinburgh for 80% of its market value.

Edinburgh

What is Golden Share?

Golden Share is an approved affordable housing tenure for homes that fall within the City of Edinburgh and match a pre-determined criteria. Properties using this scheme are sold at 80% of their open-market value to make them affordable for those in housing need.

Using Golden Share, the process is similar to buying a property the traditional way and the purchaser will own 100% of the home.

For full details including a list of caveats, please download the Guide to Golden Share

Who is eligible for Golden Share?

There is an eligibility criteria to meet, but first, you must have a local connection to the area, a need for a property of this size, and an inability to purchase the property for the full market value. The City of Edinburgh Council will assess your eligibility further using the evidence provided. The required evidence includes*:

  • Valid Photo ID
  • Proof of address
  • Payslips from previous three months
  • Bank statements
  • Mortgage offer or mortgage offer in principle (AIP)

* See the Guide to Golden Share for full eligibility criteria.

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Golden Share FAQs

How much can I sell this property for in the future?
A.

Under the terms of the Golden Share agreement, any future sales of the property are capped at 80% of the open-market value. This applies to when the original homeowner sells the property, and when any future buyers come to sell. To ascertain this value, a homeowner needs to do the following:

  • The homeowner arranges for a Home Report or equivalent house survey report to be carried out.
  • A surveyor values the home as if it had no price cap, thus establishing the open-market value. Each time the property is sold, this process is repeated to ensure that the value is reflected fairly.
  • The seller’s solicitor must then send this report to the Council. Once approved, the home can then be sold to buyers at 80% of its open-market value. The advertised Golden Share price is the maximum that the home can be sold for and the new purchaser will also need to submit evidence of their eligibility.
Who owns the 20%?
A.

The 20% is a restricted price cap on the open market price, restricted through the title deeds, so the purchaser owns 100% of the property

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Subject to status and available on selected developments and plots in England only up to the value of £330,000. Funding for the scheme is limited and will be allocated on a first come first served basis.