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Publication - Guidance

Open Market Shared Equity (OMSE) administrative procedures: 2017

Published: 25 Oct 2017
Part of:
Housing
ISBN:
9781788513555

Updated guidance for administering agents on the Open Market Shared Equity (OMSE) scheme's administrative procedures.

166 page PDF

1.4MB

166 page PDF

1.4MB

Contents
Open Market Shared Equity (OMSE) administrative procedures: 2017
Annexe H: Sales log form

166 page PDF

1.4MB

Annexe H: Sales log form

This is to be completed electronically online and further information on this process will be provided shortly by the Scottish Government.

Open Market Shared Equity Scheme - Sales Log Form

What is the sales log form?

The sales log form is used by the Scottish Government to collect information about sales through the Open Market Shared Equity Scheme. It is in two parts and both parts should be completed online. No paper copies should be completed.

Part A

Records details of the house purchased and is completed by ( name of Administering Agent to be input). A person authorised by the Administering Agent acting in connection with the purchase should sign the form to confirm the accuracy of all of the information contained in Part A.

Part B

Records information about the household which has purchased the house and is completed by one of the named purchasers. The purchaser's solicitor must ensure that this part of the form is completed and returned to ( name of Administering Agent to be input) on or before settlement.

How long will it take to fill in the questionnaire?

Each part of the questionnaire should take only a few minutes to complete.

What happens to the answers?

The questionnaire is only for the use of the Scottish Government and its representatives and will not be passed on to any other third party. All of the answers given will be treated in the strictest confidence.

For purchasers:

By completing and returning this questionnaire to the Scottish Government, you:

  • confirm that you understand that the Scottish Government will use the information contained in this questionnaire for the purposes of collecting and evaluating information about sales through the Help to Buy (Scotland) Affordable New Build Scheme;
  • acknowledge and explicitly give your consent to the agent contracted by the Scottish Government to administer your application and the Scottish Government processing your personal data, including any Sensitive Personal Data as defined in the Data Protection Act 1998, contained within this form for the purposes of collecting and evaluating information about sales through the Help to Buy (Scotland) Affordable New Build Scheme. ('Sensitive Personal Data' is information concerning your racial or ethnic origin, political opinions, religious, philosophical or similar beliefs, trade union membership, physical or mental health, sexual life, commission of criminal offences and/or involvement in criminal proceedings); and
  • acknowledge and explicitly give your consent to the agent contracted by the Scottish Government to administer your application and the Scottish Government potentially contacting you by email or by telephone if no email address has been provided to seek your views about the Help to Buy (Scotland) Affordable New Build Scheme.

The Scottish Government, their representatives, and ( name of Administering Agent to be input) will process all personal data, including any Sensitive Personal Data, in accordance with the terms of the Data Protection Act 1998 and only insofar as is necessary for or in connection with any of the purposes referred to above.

Under the Data Protection Act 1998, you have the right to request a copy of the information we hold about you. We may charge an administrative charge for each request. You also have the right to request correction of any incorrect information.

Thank you for your co-operation

Part A: The house which has been purchased

A1

Number
Town
Plot Number
Street name
Local Authority
Post code

A2 Please provide details of the buyers' annual gross household income before tax?

Applicant 1

Total Earnings: _________________

Applicant 2

Total Earnings: _________________

A3 Total purchase price paid for the house: £

A4 Purchaser's contribution towards the total purchase price paid: £

A5 Scottish Government's contribution towards the purchase price paid: £

A6 Date of Settlement

Day
Month
Year

Part B: Household details

(to be completed by one named purchaser on behalf of the household)

B1 How many people live permanently in your household?

B2 What are their ages, sex and the applicable occupation category (listed 1-8)?

The 8 categories are:

1 Working full-time
2 Working part-time
3 Unemployed
4 Retired
5 Long-term sick or disabled
6 Looking after the home
7 Dependent child
8 Other (including students or those on a training programme)

Person number

Age

Sex

Occupation category (1-8)

Example

30

M

1

First named purchaser

Person 2

Person 3

Person 4

Person 5

Person 6

Person 7

Person 8

Information about your new home

B3 Please tick which one of these applies to your new home

a flat
terraced
semi detached
detached
other

B4 Please say how many rooms there are in the property

B5 Please say how many bedrooms there are in the property

B6 How long do you think you are likely to stay in your shared equity home?

Years

B7 Do you think you are likely to want to increase your equity stake in the future?

Yes / No

Other Information

B8 How many buyers are there?

B9 Were you an existing home owner before buying a new home under the scheme?

First named purchaser Yes / No
Second named purchaser Yes / No

B10 What kind of accommodation were you living in before buying your new house/flat?

First named purchaser

A house or flat you were renting (If you rented, go to question B11. If not, go to B12.)
A house or flat you owned or were paying a mortgage on
Living with parents/relatives
Living with friends (where you were not renting)
Other (please specify)

Second named purchaser

A house or flat you were renting (If you rented, go to question B11. If not, go to B12.)
A house or flat you owned or were paying a mortgage on
Living with parents/relatives
Living with friends (where you were not renting)
Other (please specify)

B11 If you lived in rented accommodation, who was your landlord?

First named purchaser

The Council
Private landlord
Housing Association/Co-operative
Your employer (excluding the Ministry of Defence)
No comment
Your employer (the Ministry of Defence)

Second named purchaser

The Council
Private landlord
Housing Association/Co-operative
Your employer (excluding the Ministry of Defence)
No comment
Your employer (the Ministry of Defence)

B12 Were you on a waiting list when you bought this house?

First named purchaser

Council
Housing Association/Co-operative
Common housing list
Not on a waiting list
Refused to comment
Don't know

Second named purchaser

Council
Housing Association/Co-operative
Common housing list
Not on a waiting list
Refused to comment
Don't know

B13 Please tick if you belong to any of the following groups

Serving member of the armed forces
Armed Forces Veteran
Widow, Widower, Partner of Service Personnel

Please return this form to (name and address of Administering Agent to be inserted)

Thank you for taking the time to fill out this form.


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