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The buying process

Step-by-step

Before you can view or reserve a shared ownership home with us, you'll first need to make sure that you are eligible for the scheme.

Step 1.

Register with Selwood Housing and confirm your desired area/development.

Step 2.

Once you have found a property that you are interested in, simply contact us by completing the contact form on the property listing, or by phoning or emailing us. We will send an application pack for you to complete and return to us, including:

  • Application form*; complete as fully as possible
  • Budget planner; please complete the left-hand column of this form

*By completing this form, you consent to us forwarding the information via secure email to our financial adviser partner who will contact you to discuss mortgage viability and options.

Step 3.

You will also need to supply supporting documents for your application. This includes;

  • photographic identification for each applicant
  • your latest three months payslips for each applicant, or 13 weeks if paid weekly, or pension statement, or universal credit statement
  • your latest three months' bank statements for each applicant (including credit card statements).

Step 4.

Next, we will need to undertake a financial assessment of you. Once this has been completed, we will confirm our decision to you and arrange a viewing of your chosen property.

Step 5.

Once you have viewed the property and decided you would like to go ahead, a reservation fee of £250 will be required to reserve the property for you.

The reservation fee will be deducted from the amount you pay upon completion of your purchase.

Step 6.

Appoint your mortgage adviser and solicitor, and provide us with their details.

Your mortgage adviser will;

  • obtain all of the required documentation from you
  • submit your mortgage application for you
  • liaise between you and your mortgage lender to secure your mortgage offer.

We will then issue a Memorandum of Sale (MOS) to all solicitors involved. This essentially summarises the details of your proposed house purchase and will give a date by which we would like to exchange contracts.

Your solicitor will;

  • make sure you have everything you need to help you buy your shared ownership home
  • check the lease and speak to your mortgage lender and our solicitors
  • carry out searches
  • check that all paperwork and your mortgage are in place to allow you to complete the purchase.

Step 7.

After you have received your mortgage offer and your deposit has been paid, we will then agree a completion date with you and exchange contracts, which fixes the completion date.

Step 8.

Completion day!

Completion day is when the money is transferred via solicitors. Once that's done, you will get the keys to your new home!

On completion day you will be met at your new home by a representative from Selwood Housing's shared ownership team. You will be provided with a 'Handover Pack' containing;

  • the keys to your new home
  • a home user guide along with instruction manuals for any appliances
  • certificates for various installations and warranties relating to your home.

Don't forget one-off fees

It's good to be aware of any one-off fees you may need to pay before you move in. These include;

  • legal fees
  • stamp duty
  • mortgage adviser fee if a mortgage application is submitted
  • mortgage valuation fee and any arrangement fees charged by your mortgage provider
  • removal costs
  • reservation fee of £250 - this will be deduced from what you pay on completion of your purchase
  • mortgage deposit - this will vary depending on your lender
  • up to two months' worth of rent and service charges, paid at completion.

Shared ownership buyers guide

Common questions and answers, take a look at our buyers guide or read our FAQ's section.

Keep updated

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Get in touch

Tell us what you're looking for and we'll get straight back to you

About Shared Ownership

Shared ownership is a great way of buying your own home.

About Shared Ownership

Available homes

Current shared ownership properties, as well as those that are coming soon.

Available homes

Shared ownership staircasing guide

You can purchase further shares in your home from us at any time up to the full value.

Shared ownership staircasing guide

Monthly costs of a shared ownership home

Just like any home, a shared ownership home will come with its own set of monthly bills.

Monthly costs of a shared ownership home

Building new homes

We're building new affordable rental and shared ownership homes.

Building new homes

Latest available developments

Isn't it exciting - you're looking to buy your first home or getting back on the property ladder!

home image Apply now

Tascroft Rise, Warminster, Wiltshire

Two and three bedroom shared ownership homes available on this popular development in Warminster built by Redrow Homes.

home image One plot remaining!

White Poplars, Malmesbury, Wiltshire

An exciting opportunity to purchase a two bedroom home at White Poplars, Malmesbury

home image Available now

Birds Marsh View, Chippenham, Wiltshire

Brand new 2 bedroom homes coming soon for shared ownership at Birds Marsh View, Chippenham.

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15 hours ago
Selwood Sales

✨ Last plot remaining on the White Poplars development! ✨ A fantastic opportunity to purchase a beautiful 2-bedroom #SharedOwnership home in #Malmesbury 🏡 Interested? Register your interest now! 💻https://ecs.page.link/Mr9wK ... See MoreSee Less

3 days ago
Selwood Sales

All of our beautiful #sharedownership homes come with:
✨ flooring throughout
✨ oven, hob & extractor hood
✨ turfed enclosed gardens
✨ allocated parking

Take a look at our available homes today! 🏡 ecs.page.link/28Sxd
... See MoreSee Less

4 days ago
Selwood Sales

Beautiful modern homes in a fantastic town 🤩🏡 #SharedOwnership #newhomes ... See MoreSee Less

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