Open Market Shared Equity (OMSE) administrative procedures: 2017

Annexe I: Equity stake increase form

Notes on completion

Please read these notes before completing this form. If in doubt, please consult your local Scottish Government area housing supply and innovation team.

You should submit a completed form each time an owner has increased their equity stake in a property.

Forms must be submitted to your local Scottish Government Area Housing Supply and Innovation Team within one week of the equity stake increase having taken place. This allows the Scottish Ministers to raise a request for the receipt of sums due to them.

You should not enclose any remittances with the form, as the information contained therein will be used by the Scottish Ministers to raise a request for the sum that is repayable.

Administering Agents should be aware that the new Housing and Regeneration Payments ( HARP) system will have a specific function to increase equity stake and therefore the forms below will no longer be needed. Further information on HARP will be announced in due course.

Open Market Shared Equity Scheme - equity stake increase form

Please complete this form each time an owner has increased their equity stake in a property.

(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 C Declaration

I declare that the above information, together with any supporting information, is true and complete.

Signature
(Officer of Administering Agent authorised by Management Committee or other governing body)

Date

For the Scottish Government's use:

Checked by:
Date

Approved by:
Date