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FAQs

Below are some of our most frequently asked questions. If you have any questions that aren't answered below please submit them in the form on the contact us page.

To register your interest, click on the development you are interested in, scroll down to the ‘Register an interest’ section, fill in your details and click ‘Submit’.
The shared ownership scheme is simple, you buy an initial share of between 25% and 75% of the apartments full value and pay a subsidised rent on the remainder. You may purchase further shares (up to 100%) as your circumstances change.
If a property is ready for sale and has viewings available, you can book an appointment using the calendar on the development page. This is done by selecting your chosen date and time, completing the eligibility questions, and clicking ‘Submit’. If no calendar is showing this means that there are no appointments available. Please register your interest on the development page and you will be notified once viewings become available.
Yes you still need a deposit, but only on the percentage of the property you are buying. Mortgage deposits can often be just 5% of the share value.
Applicants must not currently own a home and have a household income of less than £60,000 per year. You must also be registered with your local HomeBuy agent (register at www.homebuy.co.uk) before your application can be progressed.
The share cost is dependent on the value of the property and percentage you own, with the rent then being approximately 2.75% of the percentage you don’t own.
Yes, you don’t need our permission for decorating or simple repairs, however you would need to get permission for larger works.
Along with your mortgage deposit, you need to consider your mortgage provider fees (usually comprising arrangement and valuation fees) and solicitors fees.
Multiple buyers can buy a shared ownership home, providing their household income doesn’t exceed the relevant income cap. A ‘household’ refers to the number of people who are buying and will be living in the home; for example, you alone, you and a partner, or you and a relative or friend.
Yes you can. This is known as ‘staircasing’. When you buy more shares in your home, your home is re-valued and you buy the shares at the current market value, at the time you are buying. You can usually staircase up to 100%, please check your lease for any restrictions.
When you want to sell your shared ownership home Southern Home Ownership has a time period specified within your lease to offer the property to another eligible shared owner. If we are unable to source a suitable purchaser in this time, you can put the property on the open market.
Please check your lease which will tell you if you are allowed to keep a pet. Generally, with our permission, if you are buying a house with direct access to a garden you are allowed to keep a pet. If you are buying an apartment, this is not usually allowed. Where Southern Housing Group does not manage the development, there may be further restrictions.
You cannot grant an assured short hold tenancy on a shared ownership property. If you want to get a lodger you can, however you need to be able to afford to purchase the home without any assistance. In very limited circumstances you may be able to rent out your property with permission of Southern Housing Group.
If you already own a property you would need to have confirmed the sale of your home when you apply to buy via Shared Ownership. Your application would be assessed based on your housing need for you to be considered for Shared Ownership.
You can buy additional shares at a later date until you own 100%, if you wish to. This is called staircasing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately. Normally, you can staircase as and when you can afford to.
As the leaseholder, you have the same rights and responsibilities as most homeowners. This usually means you are responsible for repairs inside the property while the managing agent takes care of external and communal areas, such as repairs to the roof or maintenance of outside spaces. To cover the costs of any outside work that might be necessary, a service charge may be applicable. This is usually charged on a monthly basis.

Testimonials

Southern Home Ownership have been helping buyers into affordable home ownership for over 30 years, and have helped more than 4000 households into home ownership. Below are some testimonials from some of the people we've helped.

Tim - London

It’s a great feeling now knowing that I have something that I can call home and will help me out in the years to come when I have to think about slowing down and retiring. Everything was so easy which made it a very stress-free experience. I would definitely recommend it as a means to get onto the property ladder.


Jordan - Hackney

Shared Ownership is cheaper than renting, I feel a sense of security especially having a two year old son. I feel like I can make personal changes to the décor. Whereas before, because I was renting I couldn’t really decorate and put my own stamp on the apartment.


David - London

The staff at Southern were great, whenever I had a query they would come back to me on the same day. They were really efficient, I haven’t got a bad word to say about the experience. I even recommended Southern Home Ownership to a colleague of mine who was looking to buy a property.


Amy - Horsham

I was really impressed with the level of service and support I received throughout – the team couldn’t have been more helpful. There was always someone available to answer my questions, no matter how small and probably silly!


Tim - London

It’s a great feeling now knowing that I have something that I can call home and will help me out in the years to come when I have to think about slowing down and retiring. Everything was so easy which made it a very stress-free experience. I would definitely recommend it as a means to get onto the property ladder.

Jordan - Hackney

Shared Ownership is cheaper than renting, I feel a sense of security especially having a two year old son. I feel like I can make personal changes to the décor. Whereas before, because I was renting I couldn’t really decorate and put my own stamp on the apartment.

David - London

The staff at Southern were great, whenever I had a query they would come back to me on the same day. They were really efficient, I haven’t got a bad word to say about the experience. I even recommended Southern Home Ownership to a colleague of mine who was looking to buy a property.

Amy - Horsham

I was really impressed with the level of service and support I received throughout – the team couldn’t have been more helpful. There was always someone available to answer my questions, no matter how small and probably silly!