Read our Leaflet for an easy step by step guide to applying.
We recommend that you speak with an Independent Financial Adviser or Mortgage Adviser before applying. You will need to provide a Mortgage Promise or Mortgage Agreement in Principle along with your application unless you are over 60 and buying without a mortgage.
Supporting documents for all applicants who will be living in the property, irrespective of whether they will be on the mortgage, must be received before we can assess your application. All supporting documents should be submitted with your application.
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We will assess applications within 5 working days of receipt of all supporting documents.
To support your application, you need to provide the following:
- One mortgage decision in principle, unless you are over 60 in housing need and applying without a mortgage
- Your most recent 3 months’ bank statements for all accounts held for each applicant
- Your most recent 3 months’ confirmation of all savings held for each applicant
- Your most recent 3 months’ (or 12 weeks) payslips for each applicant
- If you are self-employed, a copy of your last year’s accounts or most recent SA302 tax form
- Your most recent award notice for any benefit payments including Universal Credit, Working Tax Credit and Personal Independence Payment
- Proof of accommodation status such as tenancy agreement, mortgage redemption statement or letter from parent or guardian if living with them
We recommend speaking to an Independent Financial Adviser or Mortgage Adviser before applying to the scheme.
There are currently 14 lenders offering mortgages for the OMSE scheme:
- The Royal Bank of Scotland
- Scottish Building Society
There may be other lenders available: please check with your Financial Adviser, bank or building society.
If your application is eligible, you will be issued with a Passport Approval Letter, which is valid for up to 12 weeks to give you time to find a suitable property. Settlement must take place by 31 March 2026. If you do not find a property to purchase in this time, you can reapply to the scheme subject to budget availability.