Shared ownership

Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.

Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases.

Register for shared ownership
You will need to register your interest via our website and complete an affordability assessment with one of our panel mortgage advisors.

Am I eligible?

Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.

Remember you will also have to pay household bills including council tax, gas, electricity and water.

Eligibility

Interested buyers will be required to have an assessment with the Scheme Manager to ensure they are suitable for Extra Care and that their needs can be met by the scheme.

To use the on-site care team, residents are required to have their needs assessed by West Sussex County Council Adult Social Care team. This will determine how much care the resident needs and what they will need to pay. The care team are on site 24 hours a day to administer commissioned care, but will also respond to emergency calls.

To be eligible for Extra Care Shared Equity you must meet the relevant age criteria for the scheme, this will either be over 55 or over 60. Please note the minimum share available is always 75% and rent is not payable on the unowned share.

To apply, please complete the following steps:

Applicants must complete an expression of interest form and arrange to view the property.
Upon request, applicants must provide supporting documentation noted on the Expression of Interest form so a thorough affordability assessment can be carried out. It is a Saxon Weald requirement that applicants have a maximum of £500,000 available to them in savings, assets and sale proceeds at the time of applying. Applicants who exceed this amount will be automatically declined unless there are exceptional circumstances. Please ask for further details.
If the affordability assessment is successful a Scheme and Care Manager assessment is to be carried out.
On successful completion of both assessments above, applicants will be issued with a formal offer to purchase which will need to be accepted alongside a reservation fee of £500.

You may be eligible for this property if:

• You have a gross household income of no more than £80,000 per annum.
• You are unable to purchase a suitable home to meet your housing needs on the open market.
• You do not already own a home or you will have sold your current home before you purchase or rent.

You may be eligible for this property if:

• You have a gross household income of no more than £80,000 per annum.
• You are unable to purchase a suitable home to meet your housing needs on the open market.
• You do not already own a home or you will have sold your current home before you purchase or rent.

You may be eligible for this property if:

• You have a gross household income of no more than £80,000 per annum.
• You are unable to purchase a suitable home to meet your housing needs on the open market.
• You do not already own a home or you will have sold your current home before you purchase or rent.

You may be eligible for this property if:

• You have a gross household income of no more than £80,000 per annum.
• You are unable to purchase a suitable home to meet your housing needs on the open market.
• You do not already own a home or you will have sold your current home before you purchase or rent.

Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.

LOCAL ELIGIBILITY CRITERIA APPLIES -
1. You live within the Local Area at an address registered for Council Tax
2. You have permanent employment within the Local Area
3. You have a close relative(s): ie, Mother, Father, Children or Siblings who have resided in the Local Area for a minimum of 5 years with whom you have maintained regular contact with.