Open Market Shared Equity (OMSE) administrative procedures: 2020
Updated guidance for administering agents on the Open Market Shared Equity (OMSE) scheme's administrative procedures.
2 Sellers do not need to provide a Home Report if their property is classified as either ‘new housing’ or ‘newly converted premises’. New housing includes homes that may be sold ‘off-plan’ to the first purchaser or sold to the first occupier. And newly converted premises means a property which is being, or has been, converted to a home if it has not previously been used in its converted state.
3. These are illustrative figures and may vary from time to time.
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