A shared ownership home can be applied for by following the steps below
Check your eligibility
Check your eligibility on GOV.UK's shared ownership scheme page by using the link below.
You may be eligible if:
- Your household income is less than £80,000
- You are a first-time buyer, you used to own a home but can’t afford to buy one now or you are an existing shared owner looking to move
Can you afford to buy your share of the property?
You can purchase your share of the property with either cash or a mortgage. If you are thinking of purchasing your share through a mortgage, you will typically need a deposit of between 5% and 20% of the share you are purchasing and will need to raise a mortgage for the remainder of the share you will purchase. It is worthwhile speaking to a shared ownership mortgage advisor before applying for a property to see if you can get a mortgage.
Apply for an available home through our website.
All applications are on a first come-first-serve basis. Once we receive your application, we will advise where you are on the list for this property. If you are first in line, you will be asked to undertake an affordability assessment with our nominated financial advisor.
Shared Ownership offer
If the affordability assessment is successful, you will be provided with a shared ownership offer and invited to pay a £500 reservation fee to officially reserve the property. The property remains reserved throughout the conveyancing process until completion day when you become the leaseholder of the property.
