Solved by Sovereign

Welcome to our Shared Ownership glossary

Buying a home can be a challenging time, especially when it comes to the detail. Here, we have broken down some of the most common and complex terms you may come across.

What does Shared Ownership mean?

Discover how Shared Ownership works

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What does application mean?

Learn how the application process works

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What does financial assessment mean?

Find out how a financial assessment works

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What does reservation mean?

Learn what happens at the reservation phase

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What does AML mean?

Find out the importance of our anti-money laundering procedure

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What does proof of funding mean?

Learn what documents you’ll need to show with shared ownership

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What does service charge mean?

Find out what a service charge means for you

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What does staircasing mean?

Discover how you can buy more shares in your home

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