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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 K: Open market sale form

166 page PDF

1.4MB

Annexe K: Open market sale form

Notes on completion

Please read these notes before completing the form. if in doubt, please consult your local Scottish Government area housing supply and innovation team.

You should submit a completed form each time a property is sold outright on the open market.

Forms must be submitted to the local Scottish Government Area Housing Supply and Innovation Team within one week of the date of settlement. This allows the Scottish Ministers to raise a request for the receipt of sums due to them.

You should not enclose any remittances with the form, as the information contained therein will be used by the Scottish Ministers to raise a request for the sum that is repayable.

Administering Agents should be aware that the new Housing and Regeneration Payments ( HARP) system will have a specific function for an open market sale and therefore the forms below will no longer be needed. Further information on HARP will be announced in due course.

Open Market Shared Equity Scheme - open market sale form

Please complete this form each time a property is sold outright on the open market.

Part A General information

1. Administering Agent or subsidiary ("Administering Agent"):

3. Name and address of solicitors:

Harper Macleod LLP
The Ca'd'oro
45 Gordon St
Glasgow
G1 3PE

2. Address of property:

4. Date of settlement:

Part B Financial reconciliation

Sale price obtained

£

(A)

Actual % equity stake taken by the Scottish Ministers

(please enclose appropriate supporting documentation showing the actual % equity stake taken)

%

(B)

The Scottish Ministers' actual equity stake

(sale price obtained (A) x % (B))

£

(C)

Capital receipt to the Scottish Ministers (C)

£

Part C Declaration

I declare that the above information, together with any supporting information, is true and complete.

Signature
(Officer of Administering Agent authorised by Management Committee or other governing body)

Date

For the Scottish Government's use:

Checked by:
Date

Approved by:
Date


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