The Evaluation of Low Cost Initiative for First Time Buyers (LIFT)
This is the final report of an Evaluation of the Low Cost Initiative for First Time Buyers. It evaluates four schemes: Open Market Shared Equity; New Supply Shared Equity; Shared Ownership; and GRO Grants.
FOOTNOTES
1. GRO Grants were originally provided for owner occupation and market rent. This evaluation solely focuses on GRO Grant for owner occupation which are referred to as ' GRO Grants' throughout the report. GRO Grants will be renamed as Partnership Support for Regeneration under forthcoming Scottish Government guidance.
2. In some cases administration is undertaken by non registered subsidiaries of some RSLs. For the purposes of this report we refer to them all as RSLs.
3. Satsangi M. Morgan J. & Wager F. Evaluation of the Communities Scotland Rural Home Ownership Grant. Communities Scotland. Edinburgh
4. Information on whether the purchaser is disabled was gathered consistently from 2009/10 onwards. Information is available for 70 per cent of purchasers in 2009/1.
5. Information available for 84 per cent of NSSE households, 51 per cent of OMSEP households and 62 per cent of GRO households.
6. Information on economic profile is available for 84 per cent of NSSE purchasers, 52 per cent of OMSEP purchasers and 63 per cent of GRO purchasers. Information is not available for shared ownership purchasers.
7. Information is available for 51 per cent of OMSEP purchasers, 78 per cent of NSSE purchasers, and 47 per cent of GRO purchasers.
8. Post code information available for 1,397 NSSE purchasers, 1,408 OMSEP purchasers and 110 GRO purchasers
9. Information is available for 83 per cent of NSSE purchasers, 52 per cent of OMSEP purchasers, and 62 per cent of GRO purchasers.
10. Information available for 83 per cent of NSSE purchasers, 52 per cent of OMSEP and 62 per cent of GRO purchasers
11. Information available for 1,295 NSSE purchasers, 1,400 OMSEP purchasers and 63 GRO purchasers
12. Sasines data for date, calculating average prices at the top of the 25 per cent lowest priced properties
13. See Table 4.1 within this report for further detail and local authority level analysis
14. There were some issues with the available data: monitoring entries where price was missing were removed; and entries stating that 100 per cent had been purchased were removed.
15. Sales log data shows the sums that 172 NSSE and 816 OMSEP purchasers borrowed.
16. Scottish Government. Housing Needs and Demand Assessment Guidance. March 2008
17. Scottish Government, Housing Statistics for Scotland, All Sector New Build, August 2010
18. Bailey N et al (2006) Creating and Sustaining Mixed Income Communities - A Good Practice Guide, Joseph Rowntree Foundation, York
19. Data not available for shared ownership properties
20. Bramley G. & Morgan J. Heriot-Watt University & Littlewood M. Interim Evaluation of the Open Market Homestake Pilot. Communities Scotland. March 2007
21. Satsangi M, Morgan J & Wager F. Herriot Watt University. Evaluation of the Communities Scotland Rural Home Ownership Grant. Communities Scotland. February 2006
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