Publication - Advice and guidance

Open Market Shared Equity (OMSE) administrative procedures: 2019

Published: 15 Feb 2019
Directorate:
Housing and Social Justice Directorate
Part of:
Housing
ISBN:
9781787815865

Updated guidance for administering agents on the Open Market Shared Equity (OMSE) scheme's administrative procedures.

Open Market Shared Equity (OMSE) administrative procedures: 2019
Footnotes

Footnotes

1 An apartment is classified as any habitable room, but does not include kitchens, bathrooms, box rooms, utility rooms or hallways. Glass conservatories do not qualify as an apartment.

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.

4 The total number of ‘live’ passport letters should exclude property purchases that have taken place.

5 The total number of ‘live’ passport letters should exclude property purchases that have taken place.

6 The term ‘local area’ refers to the areas where individual maximum price ceilings have been set.

7 The figure entered here should be the total price of properties purchased plus the Administering Agent’s total administrative costs.

8 The term ‘local area’ refers to the areas where individual purchase maximum price ceilings have been set.


Contact

Email: SharedEquityEnquiries@gov.scot