Intermediate housing – approach to shared ownership sales
All homes will be proactively advertised by Orbit online (including through Orbit’s website and other platforms such as Share to Buy) and prioritisation of eligible buyers will be informed by government policy along with local connection to Tonbridge and Malling borough.
There are two considerations that will inform the prioritisation of households, in the following order:
A) Help to Buy / government priority
Households awarded priority for Help to Buy under any relevant government policy or guidance and capital funding criteria in place at the time of sale/re-sale (for example serving military personnel and former members of the British Armed Forces honourably discharged in the last two years).
B) Local connection
Top priority will be given to households with a local connection to [relevant ward names] in line with the definition of local connection in the Council’s Affordable Home Ownership Discount Sale Policy (or equivalent Council policy in place at the point of sale).
Secondary priority will then be given to households with a local connection to the rest of the Borough of Tonbridge and Malling.
In cases where demand outweighs supply households with a local connection will be given priority. Interest in homes will be processed on a first come first served basis.
For re-sales, priority will be given to any households with a local connection within the marketing period alongside the Help to Buy criteria for any interested buyers.
If there are no interested eligible buyers with a local connection, homes may be sold to any household eligible for Affordable Home Ownership in line with relevant government criteria and Orbit’s policy criteria in place at the time of sale.