Buying your home step by step
1. Choose
Choose your new home from our wide selection of shared ownership properties and locations.
2. Application
Complete an application at: www.yarlingtonhomes.co.uk
We will advise you if you need to submit an application to a HomeBuy agent for your chosen area.
3. Financial Assessment
Submit your financial documentation to one of our specialist Independant Financial Advisors who will carry out a financial assessment.
4. Eligibility Assessment
Our Sales Advisors assess whether you are eligible to buy a Shared Ownership home and if you can afford it in the short and in the long term.
If successful, an offer will be made.
5. Reservation
Pay a £500 reservation fee on your chosen property. This fee is non-refundable should you change your mind and not proceed with the purchase.
6. Solicitor
Appoint a solicitor to act on your behalf.
You can use a solicitor of your choosing or we can put you in touch with one of our recommended solicitors to help you purchase your new home.
7. Mortgage
Apply for your mortgage formally.
8. Exchange
‘Exchange’ of contracts.
9. Complete
‘Completion’ and transfer of funds.
10. Handover
Meet us at the property for final handover and to collect your keys.
