Yes, you can.
Shared Ownership is often overlooked by existing homeowners or a misconception that because you're a homeowner, you cannot own a Shared Ownership property.
We ask that you have a buyer waiting to purchase your existing home as you must have completed the sale of your home on or before the date you complete buying your Shared Ownership home.
To demonstrate you have a buyer waiting to purchase your existing home you will need:
- Formally accepted an offer for the sale of your current home (called ‘sold subject to contract’ or ‘STC’)
- Written confirmation of the sale agreed (called a ‘memorandum of sale’) including the price and your intention to sell
