Apply for Shared Ownership

Shared Ownership offers buyers the opportunity to step on to the property ladder when they may not be able to on the open market.

If you are interested in applying for a shared ownership home you must first register with a Help to Buy agent. 

The Help to Buy agent will then see if you are eligible to apply, and support you with the application process.

You can complete a Shared Ownership application below

Apply for Shared Ownership
 

The Process

  1. Register with your local Help to Buy Agent by completing the shared ownership application form. They will confirm if you’re eligible to buy a shared ownership home within four working days.
  2. When you find a home you want to buy, we will refer you to a mortgage adviser who can help asess your income and outgoings to make sure you can afford the payments for your home purchase.
  3. The mortgage adviser will let you know the share you can afford. You’ll need to buy the share with either a repayment mortgage or a lump sum from savings.
  4. Now is the exciting part. You can now pay your reservation fee to secure your new home. When you reserve your new home, no one else will be able to reserve the home for a fixed period of time.
  5. Apply for your mortgage (if applicable).
  6. Instruct a conveyancer to act on your behalf. They will handle the legal aspects of buying the home. They will explain the terms of the shared ownership lease to you, and communicate with our solicitors on your behalf.


Who can apply?

You are eligible for Shared Ownership if:

  • You have a household income of less than £80,000
  • You have no ties to any other properties on completion
  • You are unable to buy on the open market

"It's straight forward and helps people like us buy a home when we didn't think we'd be able to."

Shared ownership was the key ingredient that helped Craig and Sophie buy their first dream home. 

Craig and Sophie's story