We contact you to say that a suitable property is available and ask if you would like to be considered for it
If you accept the property, then you need to contact a bank to find out if you are eligible for a partial ownership mortgage. The banks currently offering partial ownership mortgages are NatWest International.
The bank will ask an independent valuer to go to the property and value it for you.
Can I decline a property?
You are able to decline a property if you feel that the property does not suit your needs and have reasonable reasons for the refusal. You do have to remember that the AHA may only have a few properties that come available.
Why and what is the service charge?
Why and what is the service charge?
Service charge is an amount that is added onto your rent and covers any maintenance and repair work in communal areas which remains AHA’s responsibility such as landscape maintenance, grassed areas, car parking, private roads, footpaths, drainage.
It also includes for annual boiler maintenance but only for the initial cost of the service. Any costs for parts and extra labour are the responsibility for the partial owner to pay.
What happens if I own a partial ownership property but I want to move?
If your need has changed, or you are in a flat and would like to be considered for a house, then current AHA partial owners can join the waiting list. You will need to meet the eligibility criteria and will join the waiting list as at the date the new application is received. You will then need to follow the sell back process.
