Contents

• Overview

1.1 Purpose
1.2 Context
1.3 Main Features of the Product
1.4 Targeting and Publicity
1.5 Funding Arrangements 

• Funding Principles

2.1 General
2.2 Rents and Service Charges
2.3 Financial Viability 

• Scheme Administration

3.1 General

• Applicant Eligibility

4.1 General
4.2 Eligibility Criteria
4.3 Public Sector Landlords
4.4 Anti Social Behaviour 

• Property Eligibility

5.1 General
5.2 Eligible Properties
5.3 Spare
5.4 Exempt Properties

• Leases

6.1 General
6.2 The Premium
6.3 Rent Waiver
6.4 Right of First Refusal
6.5 Repayment of Discount

• Rents and Service Charges

7.1 General
7.2 Quality of Management & Maintenance Services & Service Charges

• Processing the Sale

8.1 General
8.2 Discounts
8.3 The Tenant’s Application
8.4 The RSL’s Response
8.5 The Tenant’s Acceptance
8.6 Sales Valuations
8.7 Completing the Sale
8.8 Qualifying Lending Institutions
8.9 Submission Requirements 

• Post Sales Procedures

9.1 General
9.2 Repayment of Discount
9.3 Staircasing
9.4 Mortgage Difficulties and Flexible Tenure 

• Reporting and Audit Requirements

10.1 General
10.2 Monitoring
10.3 Certifications
10.4 CORE