What To Expect From The Buying Process
A Step On The Ladder With Shared Ownership

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