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Publication - Guidance

Open Market Shared Equity Scheme (OMSE) Administrative Procedures

Published: 13 May 2016
Part of:
Housing
ISBN:
9781786522207

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

162 page PDF

1.5MB

162 page PDF

1.5MB

Contents
Open Market Shared Equity Scheme (OMSE) Administrative Procedures
Annexe L: Property re-sale form

162 page PDF

1.5MB

Annexe L: Property re-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 you buy back a property and re-sell it to an owner who takes a higher equity stake in the property than the previous owner.

Forms should be submitted to the local Scottish Government Area Housing Supply and Innovation Team within one week of the date of settlement in the case of a buy back and re-sale. 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 buy-back and re-sales and therefore the forms below will no longer be needed. Further information on HARP will be announced in due course.

Property re-sale form


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