What happens next?
On receipt of your application you will receive a unique registration number.
Your position on the list will be dependant upon date of registration.
When a site is nearing completion, or monies become available from WAG for DIY Help 2 Own; applicants from the list will be nominated to the relevant RSL. The RSL will contact you to arrange an interview and carry out a full financial appraisal. They will then confirm whether you meet the eligibility criteria.
What happens when I'm offered a property?
You will have to provide An 'in principle' mortgage offer certificate from an approved lender, along with copies of evidence of income.
You will have to confirm that you understand how the scheme works, and that you can afford the property.
The property price, location and purchase price will be agreed up front.
You will be offered a property type i.e. size.
You will be able to choose your plot (subject to availability).
You will have to pay a £250.00 reservation fee (non refundable. If you are unable to proceed with the purchase, the fee will be deducted from the final charges should the sale proceed).
A legal charge confirming that the RSL owns an equity share in your home will be registered at the land registry.
You sign to accept that the RSL will retain the equity stake in your home.
When the house is purchased, you pay the discounted price and move in!
If you say no to the property, you won't lose your place on the list.