Low-cost Initiative for First-Time Buyers: Open Market Shared Equity Pilot Scheme Administrative Procedures

Low-cost Initiative for First-Time Buyers: Open Market Shared Equity Pilot Scheme Administrative Procedures

Description	Low-cost Initiative for First-Time Buyers: Open Market Shared Equity Pilot Scheme Administrative Procedures. AMENDED JANUARY 2010
ISBN	978 0 7559 9224
Official Print Publication Date	January 2010
Website Publication Date	January 29, 2010

Helping you to become a home owner
ISBN 978 0 7559 9224 9 (Web only publication)
This document is also available in pdf format (2mb)

Contents

SECTION ONE The Open Market Shared Equity Pilot Scheme
SECTION TWO Assessing, approving and paying grant
SECTION THREE Monitoring who is housed
SECTION FOUR Owners wishing to increase their equity stake
SECTION FIVE Owners wishing to sell their property
SECTION SIX Monthly report
SECTION SEVEN Reviewing the Open Market Shared Equity Pilot Scheme
SECTION EIGHT Further information

ANNEXE A Legal documentation
ANNEXE B Standard style of grant offer letter
ANNEXE C Application form
ANNEXE D Establishing affordability and means testing
ANNEXE E Passport letter
ANNEXE F Local maximum price ceilings and maps
ANNEXE G Grant payment form
ANNEXE H Settlement form
ANNEXE I Purchase log form
ANNEXE J Equity stake increase form
ANNEXE K Financial reconciliation - equity stake increases
ANNEXE L Open market sale form
ANNEXE M Property re-sale form
ANNEXE N Standard form of monthly report
ANNEXE O Monthly summary report

Page updated: Thursday, January 28, 2010