Buying a new build shared ownership home from us at OX Place couldn’t be simpler. We have a team dedicated to supporting you apply for a home before getting you moved in when it’s ready.
The process can vary, depending on the type of home you want to buy and how far away it is from being complete. We will keep you informed every step of the way.
Am I eligible to buy a shared ownership home?
To be eligible to buy a shared ownership from us, you must:
What happens next?
If you meet the criteria above, you will need to complete an online registration form.
Once you have done that, one of our team will be in touch to take your application further. You will need to be registered with Help To Buy and have completed their affordability assessment? Don’t worry if you haven’t done that yet, we’ll be able to let you know how to do this.
If you can afford to buy, your assessment will be approved, and we can then look at reserving a home for you. A plot typically costs £250-£500 to reserve.
You’ll then need to have a solicitor and a mortgage advisor so they can help with all the paperwork and find you a mortgage from an approved shared ownership provider. We will help you do this.
Once that’s all sorted, we’ll work with you, your solicitor, and your mortgage provider to complete the sale. We can do this whilst we’re still finishing building your home and as soon as it’s ready, we’ll meet you at your new home to hand over the keys.
Interested in buying a shared ownership home from OX Place?
That’s brilliant and we can’t wait to help you buy a shared ownership home in Oxford. Complete our registration form online and once you have, our team will be in touch.
In Oxford we also make sure that you won’t be spending more than 45% of your household income on housing costs – that’s the combination of your mortgage and rental payments in a shared ownership home. That’s because there’s lots of evidence that spending more than 45% of your income on housing is unsustainable and likely to cause hardship and distress.
We want our community to live happy, sustainable and healthy lives. Financial stability and avoiding the poverty trap are integral to people’s well-being. And so is living in well-maintained, high-quality and sustainable accommodation. The security of a safe and affordable home has a positive impact on the physical and mental health of successive generations. This is integral to the continued growth and development of our vibrant and inclusive city.
OX Place is a trading name of Oxford City Housing Ltd., Oxford Town Hall, St Aldates, Oxford OX1 1BX. Company No.: 10212716. Oxford City Housing Ltd. is a housing company of Oxford City Council, set up in 2016. OX Place is a registered trademark. Trademark no.: UK00003806216
Copyright © 2022-2023 Oxford City Housing Ltd.
