Priority groups and local connection
Housing associations often prioritise applicants who live or work in the local area. Military personnel and their families also receive priority under government guidelines. Some developments may have additional criteria set by the local council.
If demand for a property is high, priority is generally given to those with a local connection, existing social housing tenants, and key workers. Your Help to Buy agent can confirm which priority groups apply in your area.
What if you have bad credit or are self-employed?
Having bad credit does not automatically disqualify you from shared ownership, but it will limit your mortgage options. Some specialist lenders will consider applicants with minor credit issues, particularly if the problems are historic and you can show improved financial management.
Self-employed applicants can also apply, though most lenders will want to see at least two years of accounts or tax returns. A broker experienced in shared ownership can identify lenders willing to work with your circumstances.