Help to Buy: Shared Ownership is aimed at helping people who can’t afford to buy a suitable property on the open market. Applicants are subject to eligibility and affordability requirements.
The general eligibility criteria for Shared Ownership are as follows:
Cash Buyers must meet the eligibility criteria for shared ownership and the cash and assets to put towards the purchase must not be sufficient to buy the property outright. The source of cash being used to purchase their share, will be subject to appropriate money laundering checks and may typically come from:
Customers must be able to provide evidence that they are legitimately prevented from raising a mortgage. Evidence must be in the form of:
heylo will pay attention to affordability and sustainability calculations for cash buyers, particularly to check that that the rent, service charge, and any other housing costs do not breach 45% of the customers’ net household income (after debts).
Complete the form below to start your registration process
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