Shared Ownership Eligibility Guide

Summary

Shared ownership in England requires a household income under £80,000, being a first-time buyer or unable to afford a home now, and a good credit history. The process involves checking eligibility, finding a property, applying through a housing association, undergoing an assessment, viewing properties, making an offer, securing a mortgage, and completing legal work.

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Yes I need to know about the process
Sure, here’s a brief overview of the shared ownership process in England:
*. Eligibility Check: Ensure you meet the income and buyer status requirements.
*. Find a Property: Look for shared ownership properties through housing associations.
*. Apply: Submit an application through the housing association.
*. Assessment: The housing association will assess your application.
*. Viewing and Offer: View properties and, if eligible, make an offer.
*. Mortgage and Legal Work: Secure a mortgage and engage a solicitor for legal work.
*. Completion: Complete the purchase and move into your new home.
Would you like more details on any specific step?