Summary
This process applies to every allocation of a shared ownership home to a prospective customer.
We will ensure all prospective customers are aware of our approach when offering them a shared ownership home. We will ensure all prospective customers are aware of the process prior to expending any cost to themselves.
The demand for our shared ownership homes far exceeds the supply, it is therefore important that we are clear in how we allocate and offer our shared ownership homes to potential eligible customers. Priority will be given to serving British forces personal and veterans in line with current guidelines.
In line with regulative guidance, we have to be open in offering our shared ownership homes on a first come first served basis, this is based on:
- Whoever is first to pass their assessment and submit their documents
- operate on a property to applicant ratio, this is currently 2:1
This is done to ensure a number of potential customers are not left with disappointment and potential costs.
Review
We will review this guidance every two years or when there has been an update to legislative, regulatory, best practice or operational changes.
For more information, please contact the team on 023 9282 2251 or Leaseholder@portsmouthcc.gov.uk