Applying For Shared Ownership
Who Can Apply?
Shared Ownership is intended for people who cannot afford to buy
a suitable home in any other way. Shared Ownership is
for first time buyer or someone leaving their home after a
partnership breakdown or owner/occupiers moving to an area of
higher house prices. Applicants must be in housing need and
unable to afford outright purchase. Priority will normally be
given to existing public sector tenants or those on Local Authority
or Housing Associations' waiting lists.
How To Apply?
Your first step to Shared Ownership is to register with the
Homebuy agent in your area.
Dorset, Sailsbury and South Somerset:
They will be able to tell you what other schemes are available
to access home ownership. We also recommend that you
join the housing register for the Local Authority area's in
which you wish to live.
- The Company will send you details of the scheme and an
application form.
- Once your application has been approved and the Company
confirms that you are eligible to purchase a Shared Ownership
property, you will be invited to view the property and told the
purchase price.
- If you wish to go ahead and buy, you agree the size of share
you would like to buy and then arrange your mortgage.
- The Company will advise you of the amount of rent and service
charge you will have to pay on the remaining unsold
share.
What Is
Homebuy?
(2MB
PDF)
Once your name has been registered on the Shared
Ownership list, details of vacancies and any new schemes will be
sent to you.