Shared Ownership Checklist

Some intro copy...

  • Did you know we sell off plan? This means we sell the majority of our properties before they are completed. The process involves choosing the property size you want and using floor plans, brochures and computer generated imagery to select the property you wish to purchase. As this is how our new build properties are sold, please ensure you are happy with purchasing this way, otherwise you could be interested in searching for a Shared Ownership resale property.
  • Are your needs or household changing? It might pay to have an idea in mind as to your future plans and how long you will be living in the property you wish to purchase. Are you planning on starting a family? Are your children moving out of home? Consider what size property you will need when the time comes to reserve, as this may impact on your eligibility.
  • What are your priorities for your next home? When looking for a property you need to know what criteria you want in your next home. Think about your priorities, you'll want to be ready when you find the right place so it's best you're already aware of what you're willing to compromise on, and what you're not. How much furniture do you have? Are you looking to upsize? Downsize? You may need to think about whether everything will fit into a smaller space, or whether you're looking for room to entertain and need a couple of extra chairs.


  • Have you registered on your local electoral roll? Lenders use this information to confirm your name and address and to combat fraud, so contact your local council if you’re unsure whether you have registered. This can take up to 3 months to take effect, so register early to help your chances of being granted a mortgage.
  • Do you currently own a car? Many of our schemes are car-free – meaning there are no parking spaces available at the development. It might pay to think about what the easiest way to commute would be; check out cycling / walking routes, public transport links, and travel card prices.
  • What community amenities do you use? Do you have a regular place of worship, recreation or other community group? Check out what’s available in the area you’re looking to buy so you can familiarise yourself with their schedules and facilities. If you are looking at starting a family or already have children, researching local area schools and nurseries ahead of time could be useful.
  • Do you have accessibility requirements? You may not know that the homes at some of our schemes are adaptable for wheelchairs, so that we can provide affordable purchase options to more customers via Shared Ownership.
  • Do you know what to expect when purchasing? Doing something for the first time can be daunting, so a good way to feel comfortable with purchasing a property is to know what to expect. Familiarise yourself with the sales process, sequence of events and associated costs using our handy Guide to Shared Ownership.


  • Have you got a UK bank account? You will need enough money saved for a deposit on a mortgage, as well other associated costs, such as legal fees. A savings fund dedicated specifically to your new home might help you keep an eye on how you’re going. These funds need to be in an easy to access bank account rather than invested somewhere where it is not easily available for use. They also need to be held in a UK account, and you should have proof of identification that this account is in your name.
  • Have you got a savings plan and household budget? Do you have a monthly savings target? If you're exceeding it, you may be able to save a larger deposit than you'd initially thought. If you're not meeting it, you may need to consider why this is, and whether your target needs reassessing. It could help to know where your money is currently being spent. If you start looking at what you’re spending it may help you get an idea of what you can afford.
  • Is your banking paperless? In order to help you get ready for your financial assessment and mortgage application closer to the time of purchase, it’s a good idea to check you can access monthly bank statements that date back far enough to demonstrate proof of your income and outgoings. If you receive these by post, ensure you have them to hand. If they are online, check that you can view statements going back several months, otherwise you may need to request these from your bank.


  • Have you checked your credit rating recently? It is also very useful to have a copy of your Credit Reference File for your financial interview, either with Experian or Equifax. This will help you identify any issues in securing a mortgage. Find out more about your credit score at
  • Have you contacted a Mortgage Advisor? When you make a viewing appointment, you'll need to bring along a completed Financial Assessment Form. You'll also need to provide various documents like Payslips, Bank Statements, etc. on the day. We advise you start collecting your documents ahead of time so check the full list in our Useful Links section and contact a Mortgage Advisor as early as possible if you have any concerns about your affordability. To see the details of our panel Mortgage Advisor for this scheme, view our list of Mortgage Advisors.
  • Have you thought about choosing a mortgage lender? Your Mortgage Advisor can help you select the best product and lender for your needs closer to the time of purchase. However it’s never too early to start researching which products are available and which lenders cater for Shared Ownership.


  • Do you understand what it means to be a Leaseholder? *Text goes here*
  • Which solicitors are best to use? We offer a panel of selected solicitors who are experts in Shared Ownership so can help you with what can at times be a daunting new step. It is advisable to choose a solicitor that has experience in Shared Ownership transactions to ensure you are getting the best service possible. It is beneficial to have a solicitor in mind at the viewing stage, so take a look at our list of panel solicitors to help you get prepared.
  • Do you have copies of your documentation? It wouldn’t hurt to start checking you have copies of necessary paperwork to help complete a purchase as quickly and easily as possible. A solicitor will need to see proof of your address and identification to process your property purchase.
  • Do you have a moving company in mind? Getting ready before you find a property means you can compare costs and also determine how much space you’ll need. Plus, it gives you time to recruit friends and family if they’ll need to lend a hand!
Buying a Shared Ownership home with Peabody

Buying a Shared Ownership home with Peabody

Find out more about Shared Ownership

Guide to Shared Ownership

Shared Ownership is a government-backed scheme for people who are unable to afford to buy a home at full market value.

Eligibility Check

Eligibility for Shared Ownership will vary depending on which development you are looking at purchasing. Check to see if you are eligible.

Mortgage Advisers and Solicitors

When you buy a Shared Ownership home, you will need to speak to a Mortgage Adviser and appoint a Solicitor preferably with Shared Ownership experience.

Search homes from Peabody

At Peabody, there are a number of ways to buy a home with us. We help first time buyers get onto the property ladder through Shared Ownership and Help to Buy. We also sell properties on the open market for private purchasers and property investors.

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