We’re really excited you’re ready to apply for one of our homes.
To start your application please contact Mortgage Decisions to complete a short affordability assessment. Please note you must apply via Mortgage Decisions at this development in order for your application to be considered.
Mortgage Decisions
Contact: Shared Ownership team
Phone: 03454 500200
Email: sovereign@mortgagedecisions.com
Click here to visit Mortgage Decisions website
For more information about our application process, click here.
Please note, as part of your affordability assessment you will be asked to provide the following information:
- Credit report (full report required)
- Photo ID (in date passport or photocard driving licence)
- If you are in the UK on a VISA, a copy will be required
- If you are self employed - last 3 years SA302/Tax calculations plus 3 years Tax Year Overviews
- Most recent 3 month bank statements from all accounts
- Proof of address - latest council tax or utility bill
- Proof of deposit, for gifted deposits a letter from the giftor will be required and the last 3 months of bank statements from the account the gifted funds have been held in
- Most recent credit card statement (if applicable)
- Proof of any benefits (most recent statement)
- Evidence of any court ordered maintenance payments (if applicable)
- If available - Copy of Agreement in Principle from a mortgage lender (don't worry if you don't have this, the broker can arrange one for you)
To be considered for a Shared Ownership home, please be aware that:
- You need to have a gross household income of less than £80,000 per annum
- You must not own another property (although you can apply if sold subject to contract)
- You must be 18 years old or older
Please note that a local connection may be required. For example, you may need to live or work within the area. For properties with this connection requirement, you will be asked to provide evidence of how you meet the criteria.