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Is Shared Ownership Only Available for First Time Buyers?

Posted: 06 Jun 2018

Category: General

Hashtags: #New Home   #First Time Buyer   

Find out if you're eligible to buy a Shared Ownership home

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Despite the fact that most of our customers are first time buyers, one of the common myths about Shared Ownership is that the properties are only available to those who are stepping on to the property ladder for the first time.


However, this isn’t wholly true. In fact, we also accept applications from those who have purchased a home before or are existing home owners. The only stipulation is that the applicant must have sold their home or have it on the market to be eligible for a Shared Ownership property.


There are a number of other factors for Shared Ownership eligibility, including profession, income and location. However, it’s important to note that each application is reviewed individually.


If you’re interested in purchasing a home with us and want to understand whether you’re eligible for the scheme, then check out our blog post. There is also the option to contact our expert team directly, who can give you guidance on your current situation and the application process. Click here for details.


Are you looking for a stylish and modern home?

Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis.

If you're a first-time buyer and interested in owning a Shared Ownership property in London and the South East, then click on this link to take a look at our latest developments.