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

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Source: https://www.legislation.gov.uk/ssi/2025/251/article/2 (the official version)
Page: https://openlegislation.uk/redemption-of-heritable-securities-excluded-securities-scotland-order-2025/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.