What To Expect From The Buying Process

A Step On The Ladder With Shared Ownership

what to expect when buying a shared ownership home

How to buy a shared ownership home

Follow the slides for a step by step guide to buying a shared ownership home with us ...

  • Choose your home from the selection on our website

  • 2.  To apply for one of our shared ownership homes you'll need to complete a short form 

  • 3. Let us know your preferred house type or plot!

  • 4. Undergo a financial and affordability assessment through Metro Finance

  • 5. Metro Finance will request documentation in support of your application. You can upload your documents digitally.

  • 6. If you've been successful in your assessment Metro Finance will contact us to let us know

  • 6. Once approved by Metro you're able to view our homes 

  • 7. Solicitors are instructed to carry out the legal work

  • 8. Your mortgage lender will arrange a valuation of the property | The lender finalises the mortgage offer | We approve the mortgage offer

  • 9. Arrange any necessary insurances

  • 10. Exchange contracts, pay any deposits & agree a completion day!

  • 12. Organise your move and any flooring required

  • 13. Completion of your sale, home demonstration & handover of your keys! 

Apply onlineapplication form

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 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 our application form
  • Complete a financial qualification and affordability assessment through Metro Finance
  • Submit supporting documents to Metro Finance
  • We will confirm your offer to reserve a plot
  • View your home (if built). If not yet built we will discuss with you the home you wish to purchase.
  • 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