What is shared ownership/New Build HomeBuy?
Shared ownership/New Build HomeBuy is a part buy, part rent scheme. If you purchase a property on a 30% share, you would get a mortgage for that 30% (unless you had a lump sum to put down), and then pay rent to Midsummer for the other 70% of the property.
How can I apply for shared ownership housing?
You will need to supply Homes 2 Own UK (Midsummer’s sales service) with your details (address, contact number, family composition), and we can send an application pack in the post to you.
What is the criteria for applying for shared ownership?
The main criteria is that you can not afford to buy a suitable sized home for your needs on the open market. If you already own a property it must be in process of being sold before you can reserve a property. |