Interested in buying a shared ownership home?

So what do I do now?

As a reminder, to be eligible for shared ownership you will need to evidence:

• your household income is £80,000 a year or less (£90,000 a year or less in London)
• you cannot afford all of the deposit and mortgage payments for a home that meets your needs

One of the following must also be true:

• you’re a first-time buyer
• you used to own a home but cannot afford to buy one now
• you’re forming a new household - for example, after a relationship breakdown
• you’re an existing shared owner, and you want to move
• you own a home and want to move but cannot afford a new home that meets your needs

Once you have found a home you would like to apply for on our website, please click to enquire and you will be emailed further information and details on the next steps. **If it is a resale home, you will need to arrange viewing at this stage before moving on to the financial assessment.**

You will be provided details of an independent financial advisor who will complete a free initial financial assessment and discuss mortgage availability with you.

If you wish to proceed further with your application the financial advisor will require supporting documents such as –

• Confirmation of your household income - 3 months payslips (Or 2 years accounts if self employed) for all applicants, as well as confirmation of any additional income e.g. Tax Credits, pension income, PiP or similar.
• Photo ID – Passport or Driving Licence.
• Proof of Deposit & savings – bank statement or a gift letter required.

They will also direct you to Stonewater’s application form for completion.

Once all final checks have taken place we will then make a formal offer to you which you can accept if you wish to proceed with the purchase of the property. A £500 reservation fee is payable at this point on new homes.

We can then confirm all the details in writing to you and both sets of solicitors (yours and ours) and the legal process of buying your new home starts!