New Supply Shared Equity administrative procedures
Guidance for registered social landlords and grant providers on New Supply Shared Equity (NSSE) administrative procedures.
Annexe I
Open market sale form
Notes on completion
PLEASE READ THESE NOTES BEFORE COMPLETING THE FORM. IF IN DOUBT, PLEASE CONSULT YOUR GRANT PROVIDER.
You should submit a completed form each time a property is sold outright on the open market.
Forms must be submitted to your grant provider within one week of the date of settlement. 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 - open market sale form
Please complete this form each time a property is sold outright on the open market.
| Part A | General information |
|---|---|
| 1. Registered social landlord or subsidiary ("registered social landlord"): | 3. Name and address of RSL's solicitors: |
| 2. Address of property: | 4. Date of settlement: |
| Part B | Financial reconciliation | |
|---|---|---|
| Sales price obtained (please enclose a copy of the professional valuer's report on which the sales price is based) |
£ | (A) |
| Actual % equity stake taken by the Scottish Ministers (please enclose appropriate supporting documentation showing the actual % equity stake taken by the Scottish Ministers) |
% | (B) |
| The Scottish Minister's actual equity stake (sales price obtained (A) x % (B)) |
£ | (C) |
| Capital receipt to the Scottish Ministers (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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