The shared ownership buying process
Simply click one of the eight steps below for an overview of the shared ownership buying process
The shared ownership buying process
Simply click one of the eight steps below for an overview of the shared ownership buying process
Here to help,
every step of the way
We know the process of buying a new home with shared ownership can be daunting, but it doesn’t have to be.
To get started, simply click one of the eight steps along the road to your new home, or use the button below to start from the beginning.
Get started
Step 1
Eligibility Check
- Check if you are eligible to apply.
- Find out the qualifying criteria: www.livewest.co.uk/what-is-shared-ownership
Next step
Step 2
Application Approval
- Once you have completed your financial assessment with New Homes Mortgage Helpline, LiveWest will approve your application.
- For more information visit:
Next step
Step 3
Offer
- If your affordability assessment is successful, you will be formally offered the property by LiveWest and will need to sign and return your offer documents back to LiveWest.
Next step
Step 4
Reservation
- You can now reserve your new home and pay your reservation by BACs.
- Information on how to pay your reservation fee will be included in your offer documents.
Next step
Step 5
Choose Solicitor
- Once you have paid your reservation fee, you will need to provide your ID to your solicitor and pay your search fees.
Next step
Step 6
Apply For Your Mortgage
- If you are obtaining a mortgage, you will need to instruct your financial advisor/bank to submit your application to the lender.
- Once your mortgage offer has been issued, your solicitor will need to send it to LiveWest’s solicitor for approval.
Next step
Step 7
Exchange
- Once your mortgage offer has been approved, you will need to sign your contracts, agree a completion date and pay your deposit.
- To find out more about completing on your brand new shared ownership home, click here
Next step
Step 8
Move in!
- Congratulations! Get the keys to your new home!
- Our Home Ownership team will be available to help you with any questions you may have once you’ve moved into your new home.