Publication - Advice and guidance

Open Market Shared Equity (OMSE) administrative procedures: 2019

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

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

Open Market Shared Equity (OMSE) administrative procedures: 2019
Section Four

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 copy 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.