beta

You're viewing our new website - find out more

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
Section Six: Owners wishing to sell their property

162 page PDF

1.5MB

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 ASSEP 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. A copy of the ASSEP Procedures can be found on the Scottish Government website at www.gov.scot/LIFT


Contact