New Supply Shared Equity administrative procedures

Section Seven: Owners wishing to sell their property

7.1 If an owner wishes to move from their property and the Scottish Ministers do not have a golden share, the owner can sell the property all in accordance with the After Sales Shared Equity Procedures.

7.2 An owner will be responsible for meeting all costs (including those incurred by the Local Authority or Registered Social Landlord and Scottish Ministers) when selling their home. Local Authorities and Registered Social Landlords must provide information on costs to the owner as soon as possible.

7.3 The Scottish Government has prepared ASSEP Procedures for use by Local Authorities and Registered Social Landlords administering the Scottish Government's shared equity schemes. The document contains template documentation to be used for the various types of After Sales transactions. http://www.gov.scot/Topics/Built-Environment/Housing/BuyingSelling/lift/ASSEPdocument