At Guinness Homes, we understand that purchasing a home is one of the most significant decisions you will ever make. Our dedicated team is here to guide you through every step of the buying process, ensuring a seamless and stress-free experience.
From understanding your needs and securing financing to exploring our stunning properties and finalising your purchase, we are committed to helping you find a home that perfectly suits your lifestyle.
Step 1 – How much can I afford?
You can use the mortgage calculator on our website to determine the monthly payments for your new home. Remember there are other costs involved in owning a home.
Step 2 – Find your new home
All of our available properties are listed on this website; you can also add properties to your favourites and share the list with friends and family.
Step 3 – Register with us
If you want to apply for a Shared Ownership property, then you’ll be asked to register and complete an application form online so we can assess your application in full against the eligibility and affordability criteria.
Step 4 – Affordability Assessment
You will be referred to one of our mortgage brokers for an affordability assessment to be completed. This applies to cash buyers and customers getting a mortgage.
Step 5 – Complete a reservation agreement and pay your deposit
Once you have been approved by a mortgage broker you will pay a reservation fee of £99. This will be used to secure your home and as a deposit towards the cost of your new home.
When applying for a Guinness Homes property, we follow Homes England Guidelines on a first come, first served basis for Shared Ownership homes. Just so you know, ‘first come’ means the first person to successfully pass the initial affordability assessment, not necessarily the first one to show interest.
Step 6 – Choose a solicitor
You should appoint an independent professional legal advisor to carry out the legal formalities and look after your interests. You can refer to the list of solicitors on our website if you need help choosing.
Step 7 – Exchange Contracts
The exchange of contracts in a shared ownership property purchase is when the buyer and seller legally commit to the transaction by signing contracts, agreeing on the terms, and usually setting a completion date.
Step 8 – Arrange a moving in date
When your solicitor is happy that all legal formalities have been completed and your property is ready we’ll ask you to agree to a moving in date. We’ll meet you at your new home and hand over the keys.
