# The Redemption of Heritable Securities (Excluded Securities) (Scotland) Order 2025

S.S.I. 2025/251 · made 11 September 2025

This Order provides that section 11(2) of the Land Tenure Reform (Scotland) Act 1974 will not apply to the heritable securities granted in pursuance of the schemes mentioned in article 2.

Made under: Land Tenure Reform (Scotland) Act 1974 (Section 11)

PDFs: Printed copy https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025/pdf/ssi_20250251_en.pdf; Policy Note https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025/pdf/ssipn_20250251_en_001.pdf

## Introductory text

Housing
Made at 10.48 a.m. on 11th September 2025
Laid before the Scottish Parliament at 4.30 p.m. on 11th September 2025
Coming into force 29th October 2025
The Scottish Ministers make the following Order in exercise of the powers conferred by section 11(3D) and (3E) of the Land Tenure Reform (Scotland) Act 1974 and all other powers enabling them to do so.

## 1 Citation and commencement

This Order may be cited as the Redemption of Heritable Securities (Excluded Securities) (Scotland) Order 2025 and comes into force on 29 October 2025.

## 2 Heritable securities

(1) A heritable security granted in favour of the Scottish Ministers under any of the schemes mentioned in paragraph (2) is not capable of being redeemed in accordance with the operation of section 11(3D) of the Land Tenure Reform (Scotland) Act 1974.
(2) The schemes are—
(a) Homestake Shared Equity Scheme operated by the Scottish Ministers and launched in September 2005, and
(b) First Home Fund operated by the Scottish Ministers and launched in December 2019.

## Signature

MAIRI McALLAN
A member of the Scottish Government
St Andrew’s House,
Edinburgh
At 10.48 a.m. on 11th September 2025

## Explanatory note

(This note is not part of the Order)
This Order provides that section 11(2) of the Land Tenure Reform (Scotland) Act 1974 will not apply to the heritable securities granted in pursuance of the schemes mentioned in article 2.
The effect is that the debtor will not be entitled to redeem the security after 20 years have passed since it was executed, under the terms provided by section 11 of that Act.
For the schemes mentioned in article 2(2), the entitlement is removed for securities granted before this Order comes into force. This is because the schemes mentioned in article 2(2) are no longer operating at the time of this order.
Administrative procedures for the schemes mentioned in article 2(2) are published on the Scottish Government website at this link: https://www.gov.scot/publications/twenty-year-security-rule-removal-of-right-to-redeem/.

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Source: https://www.legislation.gov.uk/ssi/2025/251 (the official version)
Page: https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.