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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
Section Six: Owners wishing to sell their property

166 page PDF

1.4MB

Section Six: Owners wishing to sell their property

6.1 If an owner wishes to move from their property and the Scottish Ministers do not have a golden share, the owner can sell the property.

6.2 An owner will be responsible for meeting all costs (including those incurred by the Administering Agent and Scottish Ministers) when selling their home. Administering Agents must provide information on costs to the owner as soon as possible.

6.3 The Scottish Government has prepared After Sale Shared Equity Procedures for use by Administering Agents administering the Scottish Government's LIFT Scheme. The document contains sample emails and correspondence to be used when a property is sold.


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