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  1. As a shared owner, am I allowed to have a lodger?

    Yes, as long as you are still living in your home you can choose to have a lodger.

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  2. Can you sell a shared ownership home?

    Of course! When you’re ready to move, just contact our friendly Sales team who will be able to explain everything you need to know about the sales process.

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  3. No, you don’t have to use our recommended panel members for your mortgage or solicitors, however, they are on our panel as they are experts in the shared ownership field. Their experience and history of working with us can help make the process quicker.

    If you wish to use your own mortgage adviser or solicitor, please ensure that they are aware you are buying through the shared ownership scheme.

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  4. Do I need a mortgage in place before I apply for a home?

    No, you do not need a mortgage before you apply. In fact, we’ll help you with finding a mortgage and guide you through the process with our shared ownership specialists every step of the way. 

    It’s a good idea not to complete any credit checks or agreement in principles at this stage as that will leave a stamp on your credit report and may make it harder for you to obtain a mortgage when the time comes. 

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  5. Eligibility: I am a homeowner but my current home is under offer, can I apply for shared ownership?

    Yes, as long as your current home is under offer and you do not own another home, you can apply for a shared ownership home.

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  6. Eligibility: I previously owned a home, can I still apply?

    Yes, you do not need to be a first time buyer to apply for a shared ownership home, however you will not be eligible if you currently own a home which is not under offer.

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  7. Eligibility: Who can apply for a shared ownership home?

    People from all walks of life can buy a shared ownership home. You’re probably eligible if:

    • Your annual gross household income is less than £80,000
    • You do not currently own a home which was purchased on the open market 
    • You have no outstanding credit problems.

    When you register with Help to Buy, they will confirm if you are eligible to apply for a shared ownership home.

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  8. Help to Buy: how do I get a reference number?

    Our homes are covered by two Help to Buy Agents.

    If you are interested in homes in Bedfordshire, Buckinghamshire, Cambridgeshire, Huntingdon, Peterborough, you need to register with Help to Buy South.

    If you are interested in homes in Rutland, Spalding, Deeping St James, Higham Ferrers or Northamptonshire, you should register with Help to Buy Midlands and London.  

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  9. Help to Buy: How long does it take to complete the application form?

    Help to Buy ask for quite a lot of information as part of their application, so we recommend allowing up to 30 to 45 minutes to complete the form. 

    Before you start, make sure you have all of the relevant information to hand. If you are making a joint application you will need the details for both of you. 

    The good news is we use the details you share with Help to Buy to process your application, so you only need to provide this information once!

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  10. Help to Buy: what information do I need to provide as part of my Help to Buy registration?

    As part of your Help to Buy registration, you will need to provide information about your employment status, current income and where you currently live. After you register your interest in a CKH home, Help to Buy will share your details with us so we can begin to process your application.

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  11. Help to Buy: why do I need a Help to Buy reference number?

    It's a government requirement that anyone who buys a shared ownership home registers with the Help to Buy scheme. It's a straightforward process that can be done online. Find your local Help to Buy scheme

    To keep the application process as simple as possible, we use the details you share with Help to Buy to process your application. Just make sure you register your interest in the property you want to apply for on the Help to Buy website and they'll share your applicaiton with us. 

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  12. How do you allocate shared ownership homes?

    Often, we have more applicants than we do homes, so we allocate our homes in line with Homes England guidance. 

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  13. How long does the sales process take from date of reservation?

    We estimate the sales process will take two to three months. Take a look at  the steps involved in the shared ownership sales process.

    You will have a dedicated Sales Executive to guide you through the process and keep you updated with how your new homes build is progressing.

    Selling your home or buying additional shares (known as staircasing) also takes a similar length of time and our team is here to help every step of the way.

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  14. How much deposit will I need?

    One of the benefits of shared ownership is significantly lower deposits. Your deposit is calculated based on the size of the share you will be purchasing. You only need to put down 5% of the total value of your share. For example, if you were buying a 50% share at £100,000, your deposit would be £5,000.

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  15. What are the purchase costs?

    On average, it will cost you around £1,500 to £2,000 to pay for the professional services you need to help you buy a home. Please note this is an estimate and only considers the sales process so, for example, does not include any moving costs. 

    We’ll give you the details of the costs of the solicitors and financial advisers on our panel of experts when you apply. If you choose to select your own solicitor or financial adviser, costs will vary.

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  16. What is the difference between freehold and leasehold?

    Many of our shared ownership homes are available to buy as leasehold properties. That means you own the property for a fixed number of years, as defined within your lease (usually 125 years). You do not own the land your home is built on, but you do have the right to live there. CKH will remain the freeholder of your property.

    As a result, you may be expected to pay service charges for repairing, maintaining and securing your building or the surrounding estate.

    If you choose to staircase (buy additional shares) up to 100%, you may be able to obtain the freehold of your home.

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  17. What size share can I buy?

    Shared ownership is designed to support to you buy the biggest share you can. Before deciding what size share we can offer you, you’ll undergo a financial assessment. The calculations we use work out the size share you should buy based on your current financial situation while making sure the offer is affordable for you. You cannot choose to buy a lower share than the assessment recommends.

    The share we offer you is based on your current circumstances but also takes into consideration factors that could change in the future.

    Our calculations ensure your mortgage, rent and service charges won’t be more than 45% of your income, so you can afford to maintain your lifestyle as well as your dream home.

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  18. Will I have to pay service charges?

    You are likely to pay service charges in addition to your monthly rental fee. Charges vary depending on where you live and in what type of home. We will explain what services charges will apply to your home before you complete your purchase.

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Total results: 18