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Harper Macleod secures Help to Buy deal

Lorne Crerar 2Harper Macleod has been appointed by the Scottish Government to help administer the £195 million successor to its hugely popular Help to Buy schemes.

The latest New Build Shared Equity Scheme was announced in the Scottish Government’s Programme for Government in September.

The three-year funding will have a renewed focus on support for affordable home ownership and aims to support 6,500 people purchase a new build home.

Under the appointment Harper Macleod will provide advisory and conveyancing services in relation to Scottish Ministers’ interests in the scheme. The firm will also continue to administer post-sale work for transactions related to Help to Buy (Scotland) and the Help to Buy (Scotland) Small Developers Scheme.

The law firm, chaired by Lorne Crerar (pictured) is one of only two appointed to all six lots of the expanded Scottish Central Government Legal Framework. The new contract will begin from 1 January, and will run for two years with the possibility of an extension for two 12-month periods.

Harper Macleod has provided property law services to Scottish Government on a range of shared equity schemes since 2007, and in 2013 was appointed to administer the existing Help to Buy (Scotland) scheme.

** A report from Shelter Scotland says the country would reap significant economic benefits if it doubles its affordable house-building programme.

‘The economic case for investment in affordable housing’ claims that if the Scottish Government were to increase funding to the affordable housing supply programme to deliver at least 12,000 new affordable homes each year, it would bring a significant boost to Scotland’s economy.

A major affordable house building drive would sustain up to 19,000 jobs, with every £100 million invested in affordable housing generating £210m of wider economic activity.

Investment in initiatives to eradicate overcrowding, dampness, disrepair and fuel poverty would all play a key role in reducing generational health inequalities.

Increased investment in affordable housing should also be part of a wider effort to stabilise and reduce volatility in Scotland’s housing market to avoid the potential harm of any downturn.

Ahead of next week’s budget, Shelter Scotland is calling on ministers to recognise what it claims is a compelling case and prioritise investment in affordable homes.

Ahead of next week’s budget, which will be laid out by the Scottish Government, Shelter Scotland is calling on ministers to recognise the compelling case made in the report and prioritise investment in affordable homes.

 

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