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Frequently Asked Questions

Shared Ownership Questions

Buying a home with So Resi is exciting, but we understand you might have some shared ownership questions.

We have answered some of the most common questions we are asked here, but if you can't find what you are looking for we are here to help.


So Resi offers a range of homes from 1 bedroom apartments to 4 bedroom family homes.

If brand new isn’t for you, don’t worry – So Resi has a large selection of homes to suit your needs.

So Resi new homes are usually sold ‘off plan’ – before the building is finished, if you buy one of these, you will be the first person to live there.

Yes. The size of the share you can buy depends on your affordability assessment. If we can offer you a bigger share, we will.

When you tell us you are interested in a So Resi home we put you in touch with specialist independent financial advisors (IFAs) for an affordability assessment. The advisor talks through your finances, such as your incomings, outgoings and savings.  Then they let us know the share we can offer you.

It is important to give the advisor accurate information because if you forget to include all information, this could impact your ability to buy. 

Your initial affordability assessment will need to be completed by the specialist Independent Financial Advisor whose details we will send to you. 

The affordability assessment helps us and you decide if shared ownership is right for you. The IFAs we put you in touch with understand shared ownership and also let us know what share of a property we can offer you. 

Generally you can’t keep pets in a flat but it may be possible in a house. The lease for the home you buy gives full details, but if a pet is important to you it’s a good idea to ask us for guidance early on.

Your So Resi home has to be under offer before you can apply for another shared ownership home.  If you’re ready to move on, your first step is to get in touch with our team. 

You don’t need to have anyone else living with you – It’s called shared ownership because you have bought a portion of your home and So Resi owns the rest of it. But don’t worry we won’t be living with you! 

A poor credit rating does not automatically rule you out from buying a So Resi home, but you may find it hard to get a mortgage.  Before you apply for a So Resi home, you need an affordability assessment – this will help you and us understand your financial situation. 

So Resi homes have a fixed price, we will try to help as many people as we can, most of our homes are offered on a first come first served basis. Due to the special place they have in our hearts we will always prioritise serving MOD personnel. 

Some local authorities like to give priority to people who live or work in the area. Look at the listings for each So Resi home on our website to find out if you need to live or work in the area, or if buyers from all areas can apply. 

Help to Buy agents are appointed by the Government’s Home and Communities agency. They have the authority to give you the go-ahead to buy through the shared ownership scheme. Find your local Help to Buy agent on the Help to Buy website.  

As a So Resi homeowner you are free to decorate and carry out minor works. But if you are planning any major work, including structural changes, you need our written consent so we can make sure everything is safe. To find out more, please get in touch with your property manager. 

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