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Publication - Guidance

Open Market Shared Equity Scheme (OMSE) Information Leaflet

Published: 13 May 2016
ISBN:
9781786522191

Open Market Shared Equity Scheme (OMSE) Information Leaflet

13 page PDF

239.7kB

13 page PDF

239.7kB

Contents
Open Market Shared Equity Scheme (OMSE) Information Leaflet
Who is the scheme for?

13 page PDF

239.7kB

Who is the scheme for?

The scheme is available to help all first time buyers. If you have previously owned a home you will not be able to receive assistance.

You are strongly advised to take independent financial and legal advice before agreeing to take part in the scheme.

Priority access to the scheme is provided to priority group applicants which include social renters (in other words, people who rent a property from either a local authority or a housing association), disabled people, members of the armed forces, veterans who have left the armed forces within the past two years, and widows, widowers and other partners of service personnel for up to two years after their partner has been killed whilst serving in the armed forces.

If you are currently a tenant of a local authority or registered social landlord, you will not be able to buy your existing home from your landlord through the Open Market Shared Equity Scheme. However, you may be eligible to buy a property that is for sale on the open market.


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