The first thing you need to do is register with the Help to Buy Agent appointed for the area you are looking to buy in. You can check which agent to contact easily at www.helptobuy.org.uk.
Next, check our available properties to decide which is the right home for you and then visit the Help to Buy Agent's website to apply for your new home.
What happens next?
We will request the details of eligible applicants from the Help to Buy Agent and, if you are on their list, we will keep you informed on how the development is progressing. Once the property is released to the market we will invite you to come along and view it.
Once you have viewed the property and you wish to move your purchase forward, we will ask you to let us know by a certain date. In the event that there is more than one person interested in a property, the Local Authority will then sort the list of interested parties by their own priority list and advise us who to offer the property to in the first instance. We will contact you to confirm your place on the list and if you are at the top of the list we can move forward to the reservation procedure.
Our Sales Team will send you an affordability calculator to complete and ask you to speak with an Independent Financial Advisor who will be able to confirm your affordability and assist you with any financial queries you may have. They will also be able to talk to you about the percentage you should purchase to ensure you are not overstretching yourself.
To secure your home following this process, we will then ask you for a reservation fee and to complete a reservation form. In most cases the reservation fee is £1,000. You will then need to appoint a solicitor to act for you in this purchase. We can provide a list of approved nominated solicitors if you need them.
Please note that this information applies to properties purchased through a shared ownership scheme and not a shared equity scheme.