What To Expect From The Buying Process

The Criteria:

• Your household income is no more than £80,000 per year.
• You don't own a home already.
• You may be in the process of selling a home, however to be able to buy a Shared Ownership home from us, you must have a buyer for your existing home and complete on the sale prior to completing your purchase with us.

The Process:

Buying a new home with emh usually takes around 12 weeks (the impact of Covid-19 has increased this timeline in some cases).

The following list covers the main stages you will go through when buying a new home from us ~

• Choose your home from the selection on our website
• Complete a Help to Buy application form via the Help to Buy Agent 2 (agent for Midlands and London)
• Discuss your mortgage options with a Financial/Mortgage Advisor
• Provide us with your financial information for us to carry out an affordability assessment
• At this stage we can discuss viewing arrangements with you.
• We will confirm your offer to reserve a plot
• You pay your reservation fee
• Instruct a solicitor to carry out the legal work
• Your mortgage lender will arrange a valuation of the property
• Finalise your mortgage offer with your lender
• We will need to approve your mortgage offer
• Arrange any necessary insurances
• Exchange contracts, pay any deposits and agree a completion day
• If you have a Help to Buy ISA now is the time to get the monies released ready for completion
• Organise your move, including removals and any flooring required
• Completion of your sale and handover of your keys