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Can a single person apply for a 3 bed shared ownership property?
leolioness1984
Posts: 8 Forumite
This forum been very helpful and am looking for more advice. nBasically, my partner and I earn over the 60k threshold (only just by about £400) meaning that if we apply as joint applicants we wouldn't be eligible for shared ownership. Would I be able to apply for a 3 bed shared ownership home as a single person? I'm currently in a 1 bed home (shared ownership) and I remember back in 2006 when I purchased I wasn't allowed more than one extra bedroom per person (I.e. one person=two bedrooms). Is this still the case? Housing Assosciation aren't being very clear when I asked them the question!
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Comments
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Probably not.
Ask the HCA HomeBuy Agent for your area, rather than the HA.
Have a look in the back of this for the list;-
http://www.homesandcommunities.co.uk/sites/default/files/our-work/help_to_buy_buyers_guide_sept_2013.pdfI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Even as a couple you may struggle, as I was told that they have to support those with a housing need first. If they have a family who applies for a 3 bed shared ownership, then they will offer it to them first.0
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Probably not and for precisely the reason you are trying to give, a family on less than £60k will need it more than you do.0
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When I was looking this year, they say 1 extra room than neededDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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