Publication - Advice and guidance

After sale shared equity procedures: guidance 2019

Published: 15 Feb 2019
Directorate:
Housing and Social Justice Directorate
Part of:
Housing
ISBN:
9781787815872

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

96 page PDF

907.0 kB

96 page PDF

907.0 kB

Contents
After sale shared equity procedures: guidance 2019
1 Golden Share transactions

96 page PDF

907.0 kB

1 Golden Share transactions

In the majority of shared equity transactions, an owner will have the option of increasing their equity stake after the initial purchase to 100 per cent. In certain circumstances however, where there is a highly constrained supply of affordable housing and little or no scope for this supply to be increased, Scottish Ministers may be allowed to retain an equity stake (of around 10% in the case of OMSE transactions or 20% in the case of NSSE transactions) in the property which is known as a 'Golden Share'.

Whether or not a Golden Share will operate in an area will generally be agreed with the local authority. The 'Golden Share' provision potentially applies to transactions undertaken under both the OMSE and NSSE schemes. The 'Golden Share' provision does not however apply to HtB(S) transactions.

Further information on Golden Share transactions (including worked examples) are set out in the Scottish Government's Administrative Procedures for the OMSE and NSSE Schemes. Buy-back and re-sale guidance is also located on the Scottish Government website.


Contact

Email: SharedEquityEnquiries@gov.scot