Guide to Shared Ownership brochure

A Guide to Shared Ownership

The Sales process

The Process Find a home or a new development you like Contact our Sales Team on 0330 053 5131 or via our website at bphaoptions.org.uk Discuss your eligibility with our sales team Have your affordability assessed by one of the Independent Financial Advisors on our panel Provide your documentation (see page 8) Place your reservation Once you have placed your reservation, the sales process will start. This means you will have to appoint a solicitor

Instruct your solicitor - they will start their works including raising enquiries and requesting searches from the Local Authority Apply for your mortgage, your lender will undertake a valuation survey on the property

Receive your mortgage offer Sign your lease and contract Exchange of Contracts Legal completion

Reserving a home before it is built – ‘Reserving from plan’ Most of the homes we build are released for sale before the build is complete. If you reserve your home from a plan, you as the purchaser is expected to proceed and may not be able to see the property until after an exchange of contracts and when the home is finished. You will be given an estimate as to when the property will be completed and handed over to us from the builder. However, this may be subject to change due to unforeseen circumstances. We will keep you up-to-date throughout the process.

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