Ready to apply for your resale Shared Ownership home?
Simply follow these easy steps...
1. Complete stage one of your application
- Once you’ve found a home you are interested in click 'Start your application'.
- We’ll direct you to contact an allocated Broker who will work with you to complete an affordability assessment.
- When that’s completed, it will be passed to our Resales team for review. Applications will be reviewed within 5 working days.
Please note: You must use the allocated Broker for the property you are interested in. We cannot accept applications submitted via another Broker.
2. Viewing the property
If you’re one of the first to apply and the property is affordable based on the assessment carried out by our Brokers, we’ll share details of the seller for you to arrange a viewing directly.
The property will be reserved to the first applicant who completes the stage one affordability assessment and wants to proceed having viewed it.
Please note: We’ll only open viewings to those who applied first in accordance with our first come, first served policy. However, you will also be notified if you’ve not been successful.
3. Reservation at stage two affordability assessment
If you’re successful in reserving the home you will be invited to complete a stage two affordability assessment.
There are some final steps to fully reserve your new property:
- Communicate with the broker assigned to the property to complete a stage two assessment – please note you will be requested to provide relevant documents to support your application at this stage.
- You will be asked to provide proof of funding and to complete some ID checks (Via our third party ID supplier, Thirdfort) - a full list of acceptable forms of ID and proof of address can be found here.
- You will also be asked to instruct a solicitor - we always advise customers to choose a solicitor familiar with Shared Ownership. Sovereign also have a handpicked list of independent Shared Ownership solicitors which can be found here.