New Supply Shared Equity administrative procedures
Guidance for registered social landlords and grant providers on New Supply Shared Equity (NSSE) administrative procedures.
Annexe J
Property re-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 you buy back a property with a golden share and re-sell it to an owner who takes a higher equity stake in the property than the previous owner.
Forms should be submitted to the grant provider within one week of the date of settlement in the case of a buy back and re-sale. 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 - property re-sale form
Please complete this form each time you buy back a property with a golden share and re-sell it to an owner who takes a higher equity stake in the property than the previous owner.
| 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 | |
|---|---|---|
| Current open market value of the property (please enclose a copy of the professional valuer's report) |
£ | (A) |
| Actual % equity stake taken by the previous owner (please enclose appropriate supporting documentation showing the actual % equity stake taken by the previous owner) |
% | (B) |
| Previous owner's actual equity stake (current open market value (A) x % (B)) |
£ | (C) |
| Actual % equity stake taken by the new owner (please enclose appropriate supporting documentation showing the actual % equity stake taken by the new owner) |
% | (D) |
| New owner's actual equity stake (current open market value (A) x % (D)) |
£ | (E) |
| Capital receipt to the Scottish Ministers ((E) - (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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