How to apply for a resale home

There are three things to do to apply for a resale home... 

01. Start your application 

To start your application, please find the property you are interested in and click 'Apply now'.

Please be advised to be eligible for Shared Ownership;

  1. You need to have a gross household income of less than £80,000 per annum
  2. You must not own another property (although you can apply if sold subject to contract)
  3. You must be 18 years old or older.

02. View the property

Arrange to view the property by clicking 'Arrange a viewing' button on the property listing. You'll be able to email the vendor directly and arranging a suitable time to view. 

Once you have viewed the home, if you'd like to go ahead with an application, you'll need to complete the next step.

03. Check the finances

Complete a financial assessment with one of our panel of Mortgage Advisors

This is done over a short ten minute phone call with your selected Mortgage Advisors. 

Your Mortgage Advisors will discuss your mortgage options and make sure the purchase is affordable for you.

They will then send us your completed assessment to us on your behalf. You should hear back from the sales consultant within ten working days as to whether your application has been successful.

Get prepared

If you’re successful and offered one of our homes there are some final steps to fully reserve your new property. 

You will be asked to provide proof of funding and to complete some ID checks (Via our third party ID supplier, Thirdfort) - a full list of acceptable forms of ID and proof of address can be found here

You will also be asked to verbally instruct a solicitor - we always advise customers to choose a solicitor familiar with shared ownership. Sovereign also have a handpicked list of independent shared ownership solicitors which can be found here.