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Shared Ownership: The Process

The process

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Once you have successfully registered your interest,  you will need to complete a Help to Buy application via Orbit Home Buy Agents and register your housing need on Home Choice Plus. Links to both of these services are available here:

Help to Buy application

Home Choice Plus application

An independent financial advisor will then complete a financial assessment. Normally we will request that a financial assessment is completed prior to you viewing or reserving any homes you are interested in. This is to ensure that you are able to afford the property you are interested in or allow you to look at other properties which may be more suitable. bdht must be provided with confirmation you meet our financial requirements prior to allocating and reserving your new property.

If you require a mortgage to fund your purchase the independent financial advisor will then be able to offer you assistance in accessing the mortgage market. They will have access to a range of mortgage providers in the market, and will assist you in your application and manage the process with your lender to completion on your behalf.

Once you have satisfied these criteria, and have been approved as eligible to purchase a Shared Ownership property you will be able to reserve your property. bdht will arrange to meet with you to collect the following information:

  • £250.00 reservation fee. This is refundable upon completion of your purchase.
  • 3 months bank statements and wage slips
  • Photo ID e.g. passport or driving licence

Once these documents have been provided and checked against your application we will send you confirmation of reservation.

Our Home Ownership Officers will then help and guide you through the next steps in your purchase right through to completion. They will deal, on bdht’s behalf, with the sale to ensure a smooth and timely completion.

A date will be set between parties for the completion of the purchase. This is usually a Wednesday. Once we have received confirmation that completion has occurred, we will arrange to meet with you and hand over the keys to your brand new house.

You will be visited at your new home by a member of bdht’s home ownership team within two weeks of moving in. The visit enables you to ask any questions about your property and we will provide information on the service bdht offers to you as a Shared Owner. This will also be an opportunity to report any defects you may have noticed during your first few weeks in the property.

12 months defects period

All of bdht’s new build homes are covered by a 12 months defects liability period from the day the building was completed. Any urgent repairs such as leaks etc can be reported to our Customer First team who will arrange for the builder to attend and repair. Please note repairs caused by fair wear and tear or occupier misuse are not covered under the defects liability warranty.

Your home will also be covered by a National House Building Council’s (NHBC) warranty or a suitable alternative. This covers your home for structural problems for ten years (in some cases 12 years). Upon completion of the purchase you will be provided with a copy of the warranty certificate. The warranty provider will have regularly inspected the property throughout the construction.

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