After sale shared equity procedures: guidance 2019
Updated guidance to procedures to be followed for all after sale transactions related to shared equity properties.
Annex 5: Email to clients after let period under previous arrangements
Dear Title Surname
Title First Name Surname ("the Owners")
Full Address ("the Property")
The period of your consent from the Scottish Ministers to let the Property has now expired. You no longer have consent from Scottish Ministers to let the property, and if you do this puts you in breach of your shared equity agreement. Please contact us to make clear your intentions for the property.
Your options are set out below, including information regarding how to progress each alternative:
- You are intending to move back into the Property and will provide evidence to that fact at the time by way of a Council Tax invoice; or
- You are intending to sell the property. We will provide you with an information letter explaining the process for marketing and selling your Property; or
- You are intending to increase your equity stake in the Property to discharge the Scottish Government's security. We will provide you with an information letter explaining the process for increasing your equity;
I look forward to hearing from you as a matter of urgency. Please contact me if you have any queries.
A copy of the Scottish Government's Shared Equity Scheme Privacy Notice can be viewed at /publications/shared-equity-schemes-privacy-notice/
This privacy notice illustrates how your personal information will be used by the Scottish Government in relation to the operation of its shared equity schemes and explains your rights under the General Data Protection Regulation (EU) 2016/679 and how to exercise these rights.
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