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What is the process to buy a new build property?

Private property – where you are buying 100% of the property at full market price

Generally, you would have registered your interest in a property by going online to see what homes we have for sale and make an appointment to visit the site or property.

Once we receive your interest, a financial assessment will be carried out to check that the property is affordable.

If the site visit goes well and you wish to proceed, you will be able to reserve a property. At this point legal sale proceedings will begin.

Shared ownership properties – in London

As with a private sale, you would register your interest in a property by going online to see what homes we have for sale or visiting the Marketing Suite, where applicable.

Once we receive your interest, a financial assessment will be carried out to check that the property is affordable for you.

We would arrange any sales site visits for you and also contact the local authority in which the property is located to advise them of your interest. This is because generally with shared ownership purchases you will need to live, or work in the borough in which you are interested in buying in.

Once the above stages have been completed and if you still wish to proceed, the legal aspect of the sales process will begin, for this you will need to appoint a solicitor.

Shared ownership properties – outside of London South of England

If you are interested in buying a shared ownership property you will need to register first with Help to Buy South if you live in any of the following regions:

  • Berkshire
  • Bristol, Bath & North East Somerset, North Somerset and Mendip
  • Gloucestershire
  • Hampshire & Isle of Wight
  • Oxfordshire
  • Wiltshire

This is because generally with shared ownership purchases you will need to live, or work in the borough in which you are interested in buying in and they will carry out these checks for you.

For more information on the applying process please visit Help to Buy.

East and South East England

If you are interested in buying a shared ownership property you will need to register with Help to Buy East and South East if you live in any of the following areas:

  • Buckinghamshire
  • Bedfordshire
  • Hertfordshire
  • Essex
  • Cambridgeshire
  • Norfolk
  • Suffolk
  • Surrey
  • West Sussex
  • East Sussex
  • Kent

This is because generally with shared ownership purchases you will need to live, or work in the borough in which you are interested in buying in and they will carry out these checks for you.

For more information on the applying process please visit Help to Buy.

 

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