Publication - Guidance

After sale shared equity procedures: guidance

Published: 30 Oct 2018
Directorate:
Housing and Social Justice Directorate
Part of:
Housing
ISBN:
9781787813267

After sale procedures in relation to our various shared equity schemes.

97 page PDF

722.9 kB

97 page PDF

722.9 kB

Contents
After sale shared equity procedures: guidance
Introduction

97 page PDF

722.9 kB

Introduction

This Guidance is designed to cover after sale procedures in relation to Scottish Government's various shared equity schemes – Help to Buy (Scotland), Help to Buy (Scotland) Affordable New Build and Help to Buy (Scotland) Smaller Developers Scheme (all of which 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%
  • Sales
  • 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

Contact

Email: Shared Equity Enquiries