After sale shared equity procedures: guidance 2019

Updated guidance on procedures to be followed for all after sale transactions related to shared equity properties.

This document is part of a collection


This Guidance is designed to cover after sale procedures in relation to Scottish Government’s various shared equity schemes –First Home Fund, Help to Buy (Scotland), Help to Buy (Scotland) Affordable New Build and Help to Buy (Scotland) Smaller Developers Scheme (all of the Help to Buy schemes are referred to in these procedures as “HtB(S)”), Open Market Shared Equity (“OMSE”) and New Supply Shared Equity and New Supply Shared Equity with Developers (both of which are referred to in these procedures as “NSSE”) as well as the original Homestake scheme. The most common after sale matters are:

Exercise of Golden Share

Change of Owner

Change of Lender

Additional Secured Loan – same lender/different lender

Increase stake to less than 100%

Increase stake to 100%


Subsequent Securities

Grant of Tenancy

Expiry of 19 years/Application of the 20 Year Security Rule

Corresponding with Owners

Valuations and Letters of Reliance

Enforcement of Primary Lender security / Appointment of Trustee

Alterations to the Property

Death of Owner



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