
Everything you need to know about shared ownership...
Are you interested in finding out more about shared ownership? Below is everything you need to know about the process to getting the keys to your own home.

Shared ownership is intended for eligible people who are looking to buy an affordable home suitable for their needs.
With shared ownership, you buy a percentage of a house and pay a discounted rent to LiveWest on the remaining share that you don’t own.
This means a smaller deposit, and a smaller mortgage. A great way to help you get onto the property ladder.
You can buy more shares as and when it’s affordable to you, usually between 25%-75%, and eventually up to 100%. In most cases, you can own your home outright.
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• have a gross household income of less than £80,000 per year
• be unable to buy a similar property for your needs on the open market
• have enough savings or access or sufficient funds to put towards your deposit, and any other purchasing costs such as moving costs and legal fees
• not currently own or have interest in another home (although we will consider those who are sold subject to contract)
• be registered and qualified for shared ownership by Help to Buy South

1: Register with Help to Buy South:
Make sure you’ve registered with the relevant Help to Buy agency for your region and register your interest for the development you wish to apply for. This will confirm you are eligible for shared ownership.
2: Affordability Assessment:
Complete an affordability assessment with New Homes Mortgage Helpline.
3: LiveWest approval:
Applications will be offered in order of the date we receive a completed affordability assessment back from New Homes Mortgage Helpline.
The New Homes Mortgage Helpline affordability assessment is required for customers whether you are obtaining a mortgage or are a cash buyer. To get in touch with New Homes Mortgage Helpline, call 01206 715336 or email livewest@nhmh.co.uk.
Please note, although New Homes Mortgage Helpline will carry out your affordability assessment on behalf of LiveWest, you are not obliged to take a mortgage through them. Our decision will not be affected if you take a mortgage through New Homes Mortgage Helpline or not.
For your affordability assessment, you will be required to evidence:
• incomings
• outgoings
• identity
• deposit funds
• local connection if applicable
New Homes Mortgage Helpline will confirm the documentation required to evidence the above.
If a joint application is made, both applicants must be named on the shared ownership lease and on any mortgage on the property.
Once you have registered with Help to Buy South and completed your affordability assessment with New Homes Mortgage Helpline, LiveWest will complete the final check before contacting you with the outcome of your application.
Please be advised that all applications are accepted on a first come first serve basis in the order of time and date received from New Homes Mortgage Helpline by LiveWest. If you are qualified by New Homes Mortgage Helpline you are not automatically offered the property you are applying for as this is still dependant on the time your qualification is received by us with all the supporting documents.
Please ensure your supporting documents are submitted to New Homes Mortgage Helpline as soon as possible to avoid delay. All applications upon receipt are processed in date and time order and if your chosen plot is still available at the time received then you are processed for this plot. If your chosen plot is gone we will process you for your next given choice if still available.
Please note that the time to complete an affordability assessment with New Homes Mortgage Helpline can vary. LiveWest are not responsible for the time it takes before receipt of a completed assessment.
For more information on the New Homes Mortgage Helpline process and affordability assessments, view our brochure for a step by step guide and what you will need to do.

You will be invited to view your new home. For new build homes, we will organise your visit (subject to the construction stage) and our sales team or our agent, will show you around your home. For re-sales, we will put you in touch with the owners and provide you with written details of the sale, including the share available for purchase and the rent payable on the remaining share.


• Applications from non-Armed Forces personnel and where no local connection or planning conditions apply, will be dealt with on a ‘first come, first served basis’. This means that we will prioritise completed applications in the order in which we receive them. We define a completed application as one which has been approved by the independent mortgage broker and which has all its supporting information provided.
View our full Terms and Conditions to find out more.

Contact us today
If you'd like to find out more about our shared ownership homes, get in touch with a member of our Sales Team today.
0800 027 9801
newhomes@livewest.co.uk