Meaning of “shared equity scheme”

Current

In this Part—

shared equity scheme means a scheme established under this Part that enables a person who is purchasing property to enter into an agreement with the State under which—

(a)

the State contributes a portion of the—

(i)

purchase price, and

(ii)

associated construction costs, if relevant, and

(b)

the State obtains an interest in the property.

This Act’s bill:Explanatory memorandum

Research tools for this sectionSubscription

Cited by Analyse Interrogate History Equivalents

The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.

24B Meaning of “shared equity scheme”