The process for applying for, viewing and allocating Shared Ownership properties.
Step 1: Apply
You can submit your application online.
Once we have received your application, we will assess it and get back to you within two weeks.
Step 2: Finding a new home
Once we have accepted you, we'll send you details of homes that match your needs and invite you to see them.
In the meantime, you can also view available properties online or call 020 8357 4444.
At this stage, we would advise you to contact an independent financial advisor (IFA) to find out about the type of mortgage you can get. Find an IFA who is familiar with New Build HomeBuy.
You should not be spending any money at this time.
Step 3: Viewing
The type of viewing will depend on whether it is a new property or a resale property.
For a new property, we will invite you to see a show home to get an idea of the type of finish and the style. You will then have the chance to make your choice based on plans and other information.
When you go to a resale viewing, you will be seeing the actual property.
Step 4: Expressing an interest
At a New Build HomeBuy viewing you can fill in a preference form to tell us which are your preferred properties.
After going to a resale viewing, you will need to call our offices (during normal opening hours) to say if you are interested in the property.
Step 5: Allocation
As there are usually more interested buyers than there are homes available, we will prioritise you in line with an allocations policy.
The allocations policy will depend on where the development or resale is. The local authority will usually decide who has priority.
Step 6: Offer
If you are successful at the allocations stage, we will call you to offer the home. You will need to confirm, within three working days, whether you want to accept this.
Step 7: Interview
Once you have accepted the offer, we will arrange a buyer's interview with you, usually by phone. This will help to assess what you can afford to buy.
This is also a chance for you to ask questions and discuss all the estimated costs involved in buying your new home.
For more information about New Build HomeBuy (shared ownership), or to discuss what happens if you apply, contact us on 020 8357 4444 or email@example.com.