Help to Buy Affordable New Build 2019: administrative procedures for agents

Annex A

Application Form – Help to Buy (Scotland) Affordable New Build Scheme

Scheme: Help to Buy (Scotland) Affordable New Build Scheme

To: [Name of Administering Agent]

Part 1

Named applicant 1
Date of birth
Contact telephone number
Email address

Named applicant 2
Current property address
Date of birth
Contact telephone number
Email address

Please confirm if applicant 1 or 2 currently own a residential home
Yes/No

If Yes, please provide address of the property:

Development/site name
Plot Number (or address is known)
Name of house builder or developer
Full purchase price £
Buyer's mortgage amount (i.e. maximum amount to be obtained by applicant) £
Applicant's cash contribution £
Contribution required from Help to Buy (Scotland) Affordable New Build Scheme £
Expected purchase completion date
Number of adults to live in the property
Number of children to live in the property

NB Those of [18] years of age at the date of [ ] are adults and those below [18] years old at the date of [ ] are children.

Independent Financial Adviser details:

Solicitors details:

The applicant confirms to the Administering Agent that the above details are accurate and are agreed between the applicant and the home builder or developer.

Part 2

Financial Details

Income – Applicant 1
Basic employment income (annual, gross) £
Overtime, bonuses and commissions £

Income – Applicant 2
Basic employment income (annual, gross) £
Overtime, bonuses and commissions £

Additional household income (monthly) - to cover all applicants if more than one
Working tax credits £
Child tax credits £
Child benefit £
Disability allowance £
Guaranteed maintenance income £
Other income £

Debt (to cover all applicants if more than one)
Monthly loan/HP payments £
Outstanding credit card balances £

Household net income (monthly) - to cover all applicants if more than one
Net Monthly Income £
Plus any Additional Housing Income £
Less any Debts £
Total Net Monthly Income

Part 3

The Applicant acknowledges that if they own a residential home this must be sold prior to the completion of the purchase of the home under the Help to Buy (Scotland) Affordable New Build Scheme. Failure to do so will result either in delay or the withdrawal of support from the Scottish Government to assist with the purchase of the new home. It is a condition of the Minute of Agreement that the applicant will enter into with Scottish Ministers that the home they purchase under the scheme will be the only residential property they have any interest in for the duration of the term of the Minute of Agreement.

The applicant declares and confirms that it is (or if there is more than one applicant that each applicant is) a:

Applicant 1

UK National

Yes/No

EEA Citizen(European Economic Area) (i.e. EU States and Iceland, Liechtenstein and Norway)

Yes/No

Person with indefinite leave to remain

Yes/No

Other

Yes/No

Applicant 2

UK National

Yes/No

EEA Citizen

Yes/No

Person with indefinite leave to remain

Yes/No

Other

Yes/No

If other please specify below:

Part 4

I/We confirm that we have read and understood the Scottish Government's Privacy Notice for the shared equity schemes.

I/We confirm that the information provided in this application form is to the best of my/our knowledge correct and accurate in all respects.

I/We understand that the Administering Agent and the Scottish Government reserve the right to withdraw from any agreement with me/us in the event that the information provided proves to have been false or misleading and that it is a criminal offence to knowingly or recklessly make a false declaration or withhold information reasonably required in connection with the application.

I/We hereby authorise the Administering Agent to release any information about my/our current financial situation to my/our independent financial advisor or a representative of the Scottish Government as outlined in this Part 4 which you might need in connection with my/our application to purchase a home under the Help to Buy (Scotland) Affordable New Build Scheme.

Signatory 1:

Print name (including Mr/Mrs/Ms/Miss):
Signature 1:
Date:

Signatory 2:

Print name (including Mr/Mrs/Ms/Miss):
Signature 2:
Date:

All applicants must sign this form twice – once here and once in the next section. The signature in the next section allows us to request information from the lender that has offered you a mortgage.

We may contact you after we have received the application form to ask you to sign letters giving us permission to contact other organisations mentioned in this form.

Part 5

I/ We hereby authorise (enter below the name and address of the lenders who you have spoken to about obtaining a mortgage). *not applicable to non-mortgage applicants aged 60 or over*

Lender 1
Name:
Address:

Lender 2
Name:
Address:

Lender 3
Name:
Address:

to release any information about my/ our current financial situation to the Scottish Government and the Administering Agent which the Scottish Government and the Administering Agent might need in connection with my/ our application to purchase a home through the Help to Buy (Scotland) Affordable New Build Scheme. I/ We also authorise the lenders to release all data relevant to the valuation of any property which may be purchased, including Disclosure of Incentives Form in terms of the Council of Mortgage Lenders' handbook.

Signatory 1:

Print name (including Mr/Mrs/Ms/Miss):
Address:
Signature 1:
Date:

Signatory 2:

Print name (including Mr/Mrs/Ms/Miss):
Address:
Signature 2:
Date:

Please note: you can access a copy of the Scottish Government's Shared Equity Scheme Privacy notice 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.