WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
 Not own another property in the UK or any other country.
 Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
 Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
�� Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view[ Facts and Frequently Asked Questions]

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.

- Terms, conditions and requirements -

Minimum household income requirement: £-^29,087.69

Deposit: If you will be obtaining a mortgage you will need at least £4,813 in savings (i.e. a 5% deposit).

^If your deposit is more than 5%, the minimum income requirements may be less. Please contact us for further details.

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/. You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Priority: Priority is given to those applicants on Guildford Borough Councils Housing Register.

- Viewings -

In addition to the financial assessment, a virtual tour is required before any physical viewing can take place.

Virtual and physical viewings are held strictly by appointment - call today for more information.

Only those who have physically viewed the property are able to apply. If you have viewed and would like to apply please register your interest with the Resales Team.

- Terms, conditions and requirements -

Minimum household income requirement: £32,622^

Application process: A financial assessment must be completed before any physical viewing can take place. This forms part of Home Group’s buyer approval process. These assessments are carried out remotely by The Mortgage People. Once you have confirmed an interest in purchasing a property, the contact details will be made available.

We will not carry out any credit checks or contact any reference agencies without your written consent.

Help to Buy Agent: In order to apply you must be registered with Help to Buy South https://helptobuyagent3.org.uk/user/ You will need to provide your HTB reference when completing the application process.

Current homeowners: Anyone who currently owns a home must have a sale agreed to apply.

Pets: Pets are not permitted in buildings with communal areas.

Local connection: Applicants must have a local connection to Guildford.

Priority: Priority is given to those nominated by Guildford Borough Council and those with a local connection to Guildford.

• Have a gross household income of no more than £80,000 per annum.
• Be unable to purchase a suitable home to meet your housing needs on the open market.
• Not already own a home or you will have sold your current home before you purchase
• Be registered with a local Help to Buy agent
• Priority will be given to those who live or work in Surrey

• Have a gross household income of no more than £80,000 per annum.
• Be unable to purchase a suitable home to meet your housing needs on the open market.
• Not already own a home or you will have sold your current home before you purchase
• Be registered with a local Help to Buy agent
• Priority will be given to those who live or work in Surrey

SYCAMORE ROAD AT WILLOWBROOK:a beautiful collection of newly-built 1 & 2 bedroom apartments.

READY TO MOVE IN:register your interest to find out more!

INCENTIVES: your rent and service charged paid for up to 1 year**, plus reserve for just £99*!

ELIGIBILITY:

• There is a local live/work connection required to reserve a home.
• You must be at least 18 years old.
• You cannot afford to buy a home suitable for your needs on the open market.
• You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
• Your annual household income must be less than £80,000.
• You must be a first time buyer or existing shared owner. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

For further details on Shared Ownership please visit myclarionhousing.com/sharedownership

PLEASE NOTE:

Incentives:*fee reduced from £500. Offer extended until 30th September 2021 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 42 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request. ** Full T&Cs available on request.

Pricing & Availability:additional details on share percentages, indicative mortgage deposits, rental payments and service charges may be found on the downloadable price list. Please note, this information is linked to our overall availability and may not reflect the current live status. These details may also be subject to change.

Imagery:all images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.

BROOKBOURNE AT CRANLEIGH GRANGE:a beautiful collection of newly-built 1 & 2 bedroom apartments.

FINAL RELEASE: register your interest today, don't miss out!

INCENTIVES: reserve for just £99*!

VIEWINGS:show apartment now available, book your visit today!

ELIGIBILITY:

• There is a local live/work connection required to reserve a home.
• You must be at least 18 years old.
• You cannot afford to buy a home suitable for your needs on the open market.
• You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
• Your annual household income must be less than £80,000.
• You must be a first time buyer or existing shared owner. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

For further details on Shared Ownership please visit myclarionhousing.com/sharedownership

PLEASE NOTE:

Incentives:*fee reduced from £500. Offer extended until 30th September 2021 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 42 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

Pricing & Availability:additional details on share percentages, indicative mortgage deposits, rental payments and service charges may be found on the downloadable price list. Please note, this information is linked to our overall availability and may not reflect the current live status. These details may also be subject to change.

Imagery:all images displayed throughout are examples of previous Clarion developments and are not indicative of the specification at this development and may not correspond exactly to the available properties described.