Our Shared Ownership policy
The purpose of the Accent Housing Shared Ownership Policy is to provide clear guidelines and criteria for the administration and implementation of the Shared Ownership scheme.
Our policy aims to:
Facilitate affordable homeownership
By outlining eligibility requirements based on income thresholds and financial stability, the policy aims to enable those who cannot afford to purchase a home outright on the open market to part-buy a property through shared ownership.
Ensure fairness and transparency
Our policy establishes principles for prioritising applicants based on regulatory guidelines, ensuring that homes are allocated in a fair and transparent manner, typically on a ‘first come, first served’ basis.
Adverse credit history
By setting out criteria regarding adverse credit history, mortgage lenders, and financial assessments, the policy seeks to manage any risk associated with shared ownership purchases.
Support & exceptions
Our policy includes provisions for exceptions and flexibility to accommodate extenuating circumstances, demonstrating a commitment to treating you with empathy and respect.