Buying a home can be a daunting process. Don’t worry as the team will be here to help and guide you every step of the way. Below are some helpful tips to get you on your way.
So what do I do now?
As a reminder, to be eligible for shared ownership you will need to evidence:
One of the following must also be true:
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 –
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!
The Money Advice Service
The Money Advice Service is a free, unbiased and independent service, set up by the government. It helps you manage your money better.
Use their Health Check tool, calculators and comparison tables to make the most of your finances.
What is shared ownership? Your questions answered Find out about shared ownership