The Allocations Officer will contact you to say that a property is available.
The Allocations Officer will ask if you would like to be considered for this.
If you accept the property, then you need to contact a bank to find out if you are eligible for a partial ownership mortgage. The banks currently offering partial ownership mortgages are Skipton International Ltd, RBS Internationaland HSBC.
The bank will ask an independent valuer to go to the property and value it for you.
Can I decline a property?
You are able to decline a property if you feel that the property does not suit your needs. For example if it is in the wrong area, or is difficult to access if you have children. You do have to remember that the GHA may only have a few properties that come available.
Why and what is the service charge?
Service charge is an amount that is added onto your rent and covers any maintenance and repair work in communal areas such as grounds maintenance, borders, grassed areas, car park, private roads, drainage.
It also includes for annual boiler maintenance but only for the initial cost of the service, parish rates and Annual Refuse Charge. Any costs for parts and extra labour are the responsibility for the partial owner to pay.
What happens if I own a partial ownership property but I want to move?
If your need has changed, or you are in a flat and would like to be considered for a house, then current GHA partial owners can join the waiting list. You will need to meet the eligibility criteria and will join the waiting list as at the date the new application is received. You will then need to follow the sell back process.