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Publication - Guidance

Open Market Shared Equity (OMSE) administrative procedures: 2014

Published: 18 Jul 2014
ISBN:
9781784126490

Provides detailed operational guidance for agents who administer the Open Market Shared Equity Scheme on behalf of the Scottish Government. Now superseded.

163 page PDF

1.3MB

163 page PDF

1.3MB

Contents
Open Market Shared Equity (OMSE) administrative procedures: 2014
Section Three

163 page PDF

1.3MB

Section Three

Monitoring who is housed

3.1 The Scottish Government monitors who is housed in properties funded by the Open Market Shared Equity Scheme. Registered Social Landlords must return a completed Sales Log Form to the Scottish Government as soon as possible after settlement.

3.2 The purchase log form is in three parts. The first part (Part A) relates to details of the property that has been bought and is completed by the Registered Social Landlord. The second part (Part B) gives details about the household which has bought the property and is completed by one of the named purchasers. And the third part (Part C) records information about the named purchasers of the property and is completed by each named purchaser.

3.3 In line with section 2.11 above, the Registered Social Landlord must forward Parts B and C of the purchase log form to the applicant's solicitor. The applicant's solicitor must ensure that these parts of the form are completed and returned to the Registered Social Landlord which they will submit along with their grant claim to the Scottish Government. The Registered Social Landlord must then complete Part A of the form before submitting all parts of the form to the relevant Scottish Government Area Housing Supply Team.


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