If you have been involved in the Scottish Government’s shared equity scheme, you will be affected by the amendments made to shared equity procedures and guidance which has been published by the government.
The guidance outlines what participating Registered Social Landlords (RSLs) need to do. One of the significant changes to the scheme is the removal of the period before a shared equity owner can purchase a further equity stake. Of particular note is the obligation for RSLs to write to shared equity owners (on the 5th, 10th and 15th anniversary of the initial settlement) advising them to consider purchasing additional equity in the property.
To assist with this process why not download all the relevant styles you’ll need to write to your shared equity tenants by completing the form on the right.
Or for more information on shared equity procedures please contact one of our experienced team.