What is the process for buying a Shared Ownership home from Bromford?

A local connection may be required for the development, where applicants are required to live, work, or have immediate family within the local area to purchase a Shared Ownership home. See below for more information or speak to a Sales Consultant.

If the development is coming soon and homes are yet to be released, your details will be saved onto a mailing list. An email will then be sent out to confirm that homes are available, and prices will be released onto the website.

Please note you will not be able to move onto an affordability check if homes are not released for sale, as we will require up to date prices to confirm your affordability.


 

Before you can submit your application for one of our Shared Ownership homes, you will need to register for a portal account. 

Complete and submit your Shared Ownership application through the portal. Your Sales Consultant can help you with this. 

Please note, submitting your application does not mean your chosen home is reserved. This will only be the case once you have been fully financially qualified and have attended your reservation meeting and paid your reservation fee. 

Initial affordability assessment

Once you have received the email to confirm that homes are now available, because of strict regulations governing the purchase of Shared Ownership homes, a Bromford nominated Mortgage advisor must conduct an initial affordability assessment before we can process your application. 

You will need to contact TMP/MAB mortgages to complete an initial affordability assessment and confirm on the share size that you can purchase.

We follow Homes England Guidelines on First Come, First Served policies for Shared Ownership homes. It’s important to note that ‘first come’ refers to the first customer to pass this initial affordability assessment, and not the first person who registers their interest in the home.  

If you are to miss out on a home your details will be kept on a waiting list (first come first serve again) and if any sales fall through, the Area Sales Consultant will be in contact with you. Please visit our policies page for full policy details. 

We encourage you to contact our nominated Mortgage Advisors as soon as possible and get yourself on the list for your preferred home. To register with MAB / TMP please visit their websites below. 

The Mortgage People

Mortgage Advice Bureau

•    Once a form is received by TMP / MAB, one of their dedicated Bromford adviser team members will contact you and collect the information required for the initial assessment. 
•    TMP / MAB will complete the initial assessment and confirm you meet the affordability, what share size is affordable and allocate to your specific plot. This will then be sent onto Bromford.
 

Once you have received the email to confirm that homes are now available, because of strict regulations governing the purchase of Shared Ownership homes, a Bromford nominated Mortgage advisor must conduct an initial affordability assessment before we can process your application. 

You will need to contact TMP/MAB mortgages to complete an initial affordability assessment and confirm on the share size that you can purchase.

We follow Homes England Guidelines on First Come, First Served policies for Shared Ownership homes. It’s important to note that ‘first come’ refers to the first customer to pass this initial affordability assessment, and not the first person who registers their interest in the home.  

If you are to miss out on a home your details will be kept on a waiting list (first come first serve again) and if any sales fall through, the Area Sales Consultant will be in contact with you. Please visit our policies page for full policy details. 

We encourage you to contact our nominated Mortgage Advisors as soon as possible and get yourself on the list for your preferred home. To register with MAB / TMP please visit their websites below. 

The Mortgage People

Mortgage Advice Bureau

•    Once a form is received by TMP / MAB, one of their dedicated Bromford adviser team members will contact you and collect the information required for the initial assessment. 
•    TMP / MAB will complete the initial assessment and confirm you meet the affordability, what share size is affordable and allocate to your specific plot. This will then be sent onto Bromford.
•    The Area Sales Consultant at Bromford will double check on your assessment and provide confirmation your plot is available of which you’ll then be allocated. 
•    Once allocated, you have 5 workings days (10 days if you are a vulnerable customer) to get all the relevant documentation to TMP / MAB to achieve a Full Financial Sign Off. Once you have this sign off an Area Sales Consultant will be in touch to fully reserve your new home.

Please note, if you do not achieve a Full Financial Sign off within the 5 working days, your allocation will be withdrawn, and the home will be re-allocated to the next applicant.

Once you have been qualified for affordability, your Sales Consultant at Bromford will double check your assessment and provide confirmation your chosen home is available. Your home will then be allocated. 

Once your home is allocated, you have 5 workings days (10 days if you are a vulnerable customer) to get all the relevant documentation to TMP / MAB to achieve a Full Financial Sign Off. Once you have this sign off an Area Sales Consultant will be in touch to fully reserve your new home.

Please note, if you do not achieve a Full Financial Sign off within the 5 working days, your allocation will be withdrawn, and the home will be re-allocated to the next applicant. 

We will review and approve your affordability and eligibility.

You will then move forward to complete your Anti Money Laundering checks. 

You will then be invited to attend your reservation appointment, pay a £500 reservation fee, and then your new home will be reserved. 

You're now officially on your way to homeownership!