New Supply Shared Equity administrative procedures
Guidance for registered social landlords and grant providers on New Supply Shared Equity (NSSE) administrative procedures.
Annexe G
Equity stake increase form
Notes on completion
PLEASE READ THESE NOTES BEFORE COMPLETING THIS FORM. IF IN DOUBT, PLEASE CONSULT YOUR GRANT PROVIDER.
You should submit a completed form each time an owner has increased their equity stake in a property.
Forms must be submitted to your grant provider within one week of the equity stake increase having taken place. This allows the grant provider to raise a request for the receipt of sums due to the Scottish Ministers.
You should not enclose any remittances with the form, as the information contained therein will be used by the grant provider to raise a request for the sum that is repayable. New Supply Shared Equity scheme - equity stake increase form
Please complete this form each time an owner has increased their equity stake in a property.
| Part A | General information |
|---|---|
| 1. Registered social landlord or subsidiary("registered social landlord): | 3. Harper Macleod LLP |
| 2. Address of property: | 4. Date of settlement of further equity stake acquired: |
(Note: Complete either Part B (i) or Part B (ii) below. Part B (i) should be completed if the owner has increased their equity stake in the property for the first time. Part B (ii) should be completed if the owner has increased their equity stake in the property for a second time.)
| Part B (i) | Financial reconciliation (first equity stake increase) | |
|---|---|---|
| Current open market value of the property (please enclose a copy of the professional valuer's report) |
£ | (A) |
| Original % equity stake taken by the owner (please enclose appropriate supporting documentation showing the original % equity stake taken) |
% | (B) |
| Owner's actual equity stake (current open market value (A) x % (B)) |
£ | |
| Additional % equity stake now being taken by the owner (please enclose appropriate supporting documentation showing the additional % equity stake being taken) |
% | (C) |
| Owner's receipt to the Scottish Ministers: (current open market value (A) x % (C)) |
£ | |
| Part B (ii) | Financial reconciliation (second or subsequent equity stake increase) | |
| Current open market value of the property (please enclose a copy of the professional valuer's report) |
£ | (A) |
| Current % equity stake taken by the owner (please enclose appropriate supporting documentation showing the original equity stake taken plus any additional equity stakes already taken) |
% | (B) |
| Owner's actual equity stake (current open market value (A) x % (B)) |
£ | |
| Additional % equity stake now being taken by the owner (please enclose appropriate supporting documentation showing the additional % equity stake being taken) |
% | (C) |
| Owner's receipt to the Scottish Ministers: (current open market value (A) x % (C)) |
£ | |
| Part C | Declaration | |
|---|---|---|
| I declare that the above information, together with any supporting information, is true and complete. | ||
| Signature (Officer of registered social landlord authorised by Management Committee or other governing body) |
Date | |
| For grant provider's use: | Checked by: Approved by: |
Date Date |
Contact
Email: John McRorie, John.McRorie@scotland.gsi.gov.uk
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