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Annex B Application form (to be produced on the Administering Agents (or subsidiaries) letter headed notepaper) Please read the guidance notes for applicants before completing the application form.

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How to fill out open market shared equity

01

Determine your eligibility to participate in the open market shared equity program.

02

Submit an application with all required documentation.

03

Consult with a housing counselor or financial advisor to understand the terms and conditions of the shared equity agreement.

04

Review available properties and choose one that meets your needs and budget.

05

Complete the necessary paperwork with the assistance of a real estate agent or legal counsel.

06

Close on the property and move in, paying your share of the equity while enjoying the benefits of homeownership.

Who needs open market shared equity?

01

First-time home buyers who may not have enough savings for a traditional down payment.

02

Individuals or families looking to purchase a home in a competitive real estate market.

03

Those who want to minimize their monthly mortgage payments by sharing equity with a housing provider.

04

People seeking an alternative to renting or traditional homeownership.

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What is open market shared equity?

Open market shared equity is a government scheme that helps people to buy a home through shared ownership.

Who is required to file open market shared equity?

Individuals who have purchased a home through open market shared equity are required to file the necessary paperwork.

How to fill out open market shared equity?

To fill out open market shared equity, individuals must provide information about the purchase price, shared ownership percentage, and any other relevant details.

What is the purpose of open market shared equity?

The purpose of open market shared equity is to make homeownership more accessible to individuals who may not be able to afford a home on their own.

What information must be reported on open market shared equity?

Information such as the purchase price, shared ownership percentage, and any other relevant details must be reported on open market shared equity.

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