You may find it helpful to use a solicitor or mortgage advisor specialising in shared ownership. All of the companies below have experience in helping yourhomefinder customers. For their full details – just click on their logo.

Will you qualify for shared ownership?

Although there are all kinds of exceptions, the following guidelines generally apply.

Shared ownership properties are most often offered to:

existing council and housing association tenants

those renting privately

those living with family or friends

first time buyers

existing home owners selling their property due to a relationship break up

existing home owners selling their property due to overcrowded conditions

existing home owners selling their property in order to relocate with their job

those living or working in the borough where the property is based

keyworkers - nurses, police, teachers, those in professions essential to the community
You are unlikely to be offered a shared ownership property if:

you can afford to purchase a property outright

your income (or savings) is insufficient to fund the purchase of the share and ongoing expenses

you do not have sufficient savings to cover the immediate costs of buying a home. Around £3000 is needed to cover solicitor’s costs, a survey or valuation and stamp duty
 
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