New Supply Shared Equity administrative procedures

Section Ten

Post Sale Duties for Registered Social Landlords

10.1 As noted, the Scottish Government has prepared Guidance in relation to information on After Sales Shared Equity Procedures (' ASSEP') for use by Registered Social Landlords. A copy can be found on the Scottish Government website at www.scotland.gov.uk/lift

10.2 Every five years after settlement of a shared equity transaction for as long as Scottish Government retains an equity stake in a property, Registered Social Landlords should send a copy letter (the content of which is set out in the ASSEP Procedures ) to a shared equity owner which will advise them to consider purchasing additional equity.