Start your application with The Mortgage People

We’re really excited you’re ready to apply for one of our resale homes.

To start your application please contact The Mortgage People to complete a short affordability assessment. Please note, you must apply for this property via The Mortgage People in order for your application to be considered.

The Mortgage People's logo

The Mortgage People
Contact: New Business team
Phone: 0800 4880814
Email: chirpy@tmpmortgages.co.uk
Click here to visit The Mortgage People's website

 

The three easy steps to applying for a resale Shared Ownership home:

  1. Complete a stage one affordability assessment with The Mortgage People
  2. View the property (if you're one of the first to apply and affordable for the property)
  3. Reserve the home and complete a stage two affordability assessment with The Mortgage People

For more information about our resale application process, click here.

 

To be considered for a resale Shared Ownership home:

  1. You need to have a gross household income of less than £80,000 per annum, or £90,000 for London
  2. You must not own another property (although you can apply if sold subject to contract)
  3. You must be 18 years old or older

Please note that a local connection may be required. For example, you may need to live or work within the area. For properties with this connection requirement, you will be asked to provide evidence of how you meet the criteria.

 

As part of your stage two affordability assessment you will be asked to provide the following information: 

  • Credit report (full report required)
  • Photo ID (in date passport or photocard driving licence)
  • If you are in the UK on a VISA, a copy will be required
  • If you are self employed - last 3 years SA302/Tax calculations plus 3 years Tax Year Overviews
  • Most recent 3 month bank statements from all accounts
  • Proof of address - latest council tax or utility bill
  • Proof of deposit, for gifted deposits a letter from the giftor will be required and the last 3 months of bank statements from the account the gifted funds have been held in
  • Most recent credit card statement (if applicable)
  • Proof of any benefits (most recent statement)
  • Evidence of any court ordered maintenance payments (if applicable)
  • If available - Copy of Agreement in Principle from a mortgage lender (don't worry if you don't have this, the broker can arrange one for you)