Shared Ownership buying criteria

Newbie78

surfer9 wrote: »

Yes - it doesn't make much sense to me...

On the Help To Buy application to get permission to buy a Shared Ownership property it asks about local connections and gives you a wide range of things to select such as birthplace, family living there, work, living there etc.

Yet this local authority in questions has nothing in their criteria about having a local connection other than living or working there.

I was told via email that they were about to show people in categories 1 and 2 the properties, and that if I felt I was in category 1 or 2 then I should let them know. Based on what those 2 categories state, me being born there, having lived there in the past ,and my father currently living there doesn't matter to them. So I did not state I believed I was in those categories, but I did state the 3 links I have to that town. I got no email back saying that I can be classed in category 2. So it seems I am classed with just as much entitlement to view these properties as someone from Timbuktu.

Yes it is frustrating that I am pretty much restricted to Shared ownership properties in the town I live and work in. A town which is ridiculously overpriced and they are building very few properties all of which are priced for wealthy people. I thought schemes like this were supposed to help the less well off who are struggling to get on the property ladder. Someone that can afford to get a mortgage on a 35% share of a £300,000 1 bedroom apartment in which the rental costs and service charge are £700 alone, is not someone who is struggling.

Yes it is frustrating that I am way down the pecking order of buying a property in a town where family members live, which is my actual place of birth, a place I have lived in the past.

We bought 35% share of a £380K 2 bedroom house and our rental and service charges are only around £300 a month, £700 is crazy money even for an expensive area like we live in