You can also apply to buy Shared Ownership homes which are being sold on by their original owners. Homes bought via the re-sale route can usually be purchased through Shared Ownership or on an outright basis.
All you need to do is search for re-sale properties currently available on this Plumlife Agency website, then log your interest in the home you like or ring a member of the Sales Agency team on 0161 486 7700 for more information.
Once you have viewed the property with the Plumlife Agency or the current owner and are wishing to proceed in buying the share that is for sale, you will need to complete a shared ownership eligibility application. on
There is no need to complete this application if you wish to purchase 100% of the property.
If purchasing the share only you also need to contact the Plumlife Agency on 0161 486 7700 to have your affordability assessed.
There are certain criteria which you must meet to qualify for shared ownership resales:
- You must not have a household income of more than £80,000
- You must not own another property
- You must be in permanent employment or self-employed
- Some shared ownership property leases include clauses such as sinking funds and mandatory buy-backs. Your solicitor should clarify these clauses prior to completion