New Supply Shared Equity administrative procedures

Section Four: Monitoring who is housed

4.1 The Scottish Government monitors who is housed in properties funded by the New Supply Shared Equity Scheme. Local Authorities and Registered Social Landlords must return a completed purchase log form (see Annexe F) to the Scottish Government along with a copy of the Grant Payment Form. No grant will be paid by the Scottish Government unless it is in receipt of a completed purchase log form.

4.2 The sales log form is in three parts. The first part (Part A) relates to details of the property that has been bought and is completed by the Local Authority or Registered Social Landlord. The second part (Part B) gives details about the household which has bought the property and is completed by one of the names purchasers. And the third part (Part C) records information about the named purchasers of the property and is completed by each named purchaser.

4.3 The Local Authority or Registered Social Landlord must forward Parts B and C of the sales log form to the applicant's solicitor for completion. The applicant's solicitor must ensure that these parts of the form are completed and returned to the Local Authority or Registered Social Landlord before they submit their grant claim to the Scottish Government. The Local Authority or Registered Social Landlord must then complete Part A of the form before submitting both parts of the form to the relevant Scottish Government More Homes Division Area Team.

4.4 Local Authorities and Registered Social Landlords should note that the sales log form relates only to the initial sale of properties.