This scheme provides help to
first time buyers who cannot afford to
purchase a suitable home on the open market without assistance, but who can meet the long-term
of home ownership.
Members work closely with local authorities and private
sector housing developers to offer properties for sale on new-build
The properties are for sale on a
shared equity basis.
Applicants are required to demonstrate that they can afford to
purchase such properties and must be able to contribute between
51% - 70% of the purchase price through a mortgage
and / or savings. The remaining percentage equity share will be
retained through a second charge (mortgage) on the property by
the relevant housing association (member).
You will need to provide a
mortgage offer and proof of income, capital,
savings, etc, to enable us to assess whether you meet the
financial requirements of the scheme.
Rent is not charged on the equity share owned by the
A reservation fee is
required in order to reserve a plot (usually in the region of
£250). Applicants will be advised
of the amount payable on particular developments at the
application form stage.
Once registered, you will be sent detailed application packs for
those developments matching your criteria, as and when they
become available. You will need to complete a separate
application form for each development.
There is also an
administration charge of £1100** payable to the relevant housing
association. This cost covers the administration of the scheme
and the legal and valuation fees incurred by each housing
For properties currently
being developed, have a look at the 'homes for sale' link on the
* A first time buyer
– consideration may be given, on a case by case basis, to first
time buyers ‘in their own right’ (eg those have sold their
jointly owned property as a result of divorce)
** The administration charge of £1100 may vary between
developments. Any additional costs will be made clear to the
buyer before purchase. Any administration charge will be added
to the equity share owned by the buyer. All prices listed on the
website already include an administration charge
Have you registered