What is a Resale shared ownership home?

Resales are shared ownership homes which are already owned and occupied. They are available to buy because the current shared owner has decided to sell their share and move on. 

How do I register interest for a shared ownership home?

If you see a shared ownership Resale home being advertised, please contact the Estate Agent who will be able to provide further information on applying and book you a viewing. 

How do I apply for a shared ownership Resale home?

You will need to arrange to view the home through the Estate Agent before you can apply.

Once you have viewed, please let the Estate Agent know if you are wanting to apply. They will then be able to advise on the process. Please see our how to apply document here for further information.

If you make an application, please note:

• The seller has discretion on who they wish to sell to, however if the seller has no preference, then it will be dealt with on a first come first served basis. View our policy here.

• On receipt of a completed webform, LiveWest will check that you meet the necessary criteria to access the shared ownership scheme, and that you appear to meet any relevant local connection, if applicable. 

• We will refer the chosen application to New Homes Mortgage Helpline. They will then make contact to undertake the qualification process. Once contacted by New Homes Mortgage Helpline, you will have 72 hours to submit the requested information. 

If your application is successful:

1. We will contact you and advise that we can formally approve your application, both verbally and in writing.
2. To proceed with the purchase, you will need to complete the provided acceptance form and pay the £500 advanced rent payment.
3. We will issue a Memorandum of Sale to all involved parties, so they can commence the legal process. 
5. If you are getting a mortgage, contact your broker so they can submit the full mortgage application.
6. We will need to approve your mortgage offer; your solicitor will need to provide us with a copy.
7. Your solicitor will advise you when they are ready for an exchange date. 

Completion:

The estate agent will help you and the seller deal with keys, on the day of completion.  

When we have been notified by solicitors that completion has happened, we will set up your rent account, contact you to set up your monthly direct debit and provide information on your monthly chargers and details of how to contact us.