Guide

Open Market Shared Equity scheme

Last updated: 18 July 2017

How to apply

The OMSE scheme is handled by five organisations who each cover a different area of Scotland.

You should read through this information leaflet first and if you're eligible for the scheme, contact the organisation who covers your area and they'll tell you how to apply.

Area Organisation Contact details
Eilean Siar
Highland
Shetland Islands
Highland Residential (Part of Albyn Enterprises Limited) 68 MacLennan Crescent
Inverness
IV3 8DN

01463 701271
Aberdeen City
Aberdeenshire
Moray
Grampian Housing Association Limited Huntly House
74 Huntly Street
Aberdeen
AB10 1TD

0800 1214496
Angus
Argyll & Bute
Clackmannanshire
Dumfries & Galloway
Dundee
East and West Dumbartonshire
East and West Lothian
East Renfrewshire
Edinburgh
Falkirk
Fife
Glasgow
Inverclyde
Midlothian
North, South and East Ayrshire
North and South Lanarkshire
Perth & Kinross
Renfrewshire
Scottish Borders
Stirling
Link Homes Watling House
Callendar Business Park
Falkirk
FK1 1XR

08451 550019
Orkney Islands Orkney Housing Association Limited 39a Victoria Street
Kirkwall

If your application is approved, you'll get a 'passport letter' which says you can now look for a home under the OMSE scheme.

The 'passport letter' will tell you the maximum price you can pay for a home, and the maximum size of home you can buy. It will also tell you what your next steps should be.

Once you've found a home you like you'll be asked to provide a copy of the valuation. This will usually be provided in the Home Report, which the home's seller will give you.

When you're ready to buy, you'll need a solicitor to act on your behalf to assist you with buying the home. The Scottish Government has its own solicitor who will handle work involving its equity share.

You'll then have to pay for your share of the home's price in the usual way, along with any other costs (like legal costs, registration fees and any stamp duty).

Open Market Shared Equity scheme
How to apply