Open Market Shared Equity (OMSE) administrative procedures: 2020
Updated guidance for administering agents on the Open Market Shared Equity (OMSE) scheme's administrative procedures.
Section Four : Post Sale Duties for Administering Agents
4.1 The Scottish Government has prepared Guidance in relation to information on After Sale Shared Equity Procedures for use by Administering Agents.
4.2 Every five years after settlement of a shared equity transaction for as long as Scottish Government retains an equity stake in a property, Administering Agents should send a letter (the content of which is set out in the ASSEP Procedures) to a shared equity owner which will advise them to consider purchasing additional equity.
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