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  • FIRST POST
    • Becksaye
    • By Becksaye 10th Apr 18, 3:32 PM
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    Becksaye
    LIFT Scheme and Part Exchange
    • #1
    • 10th Apr 18, 3:32 PM
    LIFT Scheme and Part Exchange 10th Apr 18 at 3:32 PM
    I bought my current house under the LIFT Scheme (Scotland), my property is worth 100k, I own 60% and the Scottish Gvt own 40%. My question is, Iíve been looking at new builds, and they offer a part exchange. Would I be eligible for this, even though my property is part owned by the LIFT Scheme? And if so, would they take the value of the property or just the share I own?
Page 1
    • Pixie5740
    • By Pixie5740 10th Apr 18, 4:18 PM
    • 13,148 Posts
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    Pixie5740
    • #2
    • 10th Apr 18, 4:18 PM
    • #2
    • 10th Apr 18, 4:18 PM
    I image only the value of your share would be taken into account since the LIFT portion will have to be repaid once the sale concludes.
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