New Build Homes for Sale at Lochside, Ayr, under the New Supply Shared Equity Please find enclosed the ‘New Supply Shared Equity Application Pack’ consisting of an application form, site plan, house plans and all other necessary information to assist you in completing your application. I would ask that you complete and return the application form as quickly as possible for assessment, paying particular attention to part one, detailing all of the information required by you to enable us to proceed with the application. Please note that failure to provide any of the information detailed in this section could delay the processing of your application. All applications will be assessed for approval on a first come first served basis with a particular focus on first time buyers, however, consideration will also be given to clients with particular needs and owners whose circumstances have changed. If following assessment of your form and accompanying details you are considered eligible for the scheme, you will be advised of the maximum bed space allowance (the size of the property you may buy under the scheme) and your minimum expected financial contribution (your stake or equity purchase). If at that point you wish to proceed, in order to reserve a property, you will be required to pay Ayrshire Housing a £250 non-refundable deposit. I look forward to receiving your completed application and please do not hesitate to contact me should you require any additional information. Yours sincerely

Rose Estelles Project Manager Email - [email protected] Phone - 01292 880120

Lochside, Ayr Ayrshire Housing and Ayrshire Homestake are pleased to announce the future sale of 25 homes at Lochside, Ayr under the New Supply Shared Equity Scheme. The homes available are a mixture of two and three bedroom terraced, semi-detached and detached properties and are due for completion between October 2009 and March 2010. A copy of the location plan and typical layout plans are attached as part of this application pack. Location The Lochside area of Ayr lies to the north of the town, close to Whitletts Road, Ayr Racecourse and the A77. The area is within easy reach of the town centre and is well served by public transport and local amenities. Please refer to the enclosed site location plan. Specification The properties are of timber kit construction with facing brick, render and tiled roofs. The specification includes: • • • • • • • • • •

Double glazed entrance doors with ‘Secure by Design’ approved three point locking mechanism High quality timber framed double glazing fully reversible windows approved by ‘Secure by design’ A-rated Condensing gas combi-boiler with thermostatic controlled radiators Mains operated smoke alarm system interlinked on each floor Fitted kitchens with quality units and complementary work surfaces Ground floor guest WC with toilet and hand wash basin (white sanitary ware) Three piece family bathroom (white sanitary ware) Digital and satellite-ready aerials/ satellite dishes Balance of Zurich 10-year structural guarantee Private car parking and turfed front gardens

1                                        

 

About New Supply Shared Equity New Supply Shared Equity is a scheme which helps people with modest incomes who want to own a suitable home but who cannot afford to buy on the open market because of high local house prices. A New Supply Shared Equity owner generally pays between 60-80% of the price of a property through a home loan or savings. The remainder is funded by an interest free loan arranged through Ayrshire Housing. This is only repayable when the house is sold again. For example, if you can afford a 75 per cent share of a property Ayrshire Housing will arrange a loan for the remaining 25 per cent. You will own the property outright and will have a 75 per cent stake in its value, whatever changes there are to the property’s value over time. Applicants financial and personal circumstances will be checked and verified and an assessment will be made of your ability to contribute towards the cost of purchasing an equity stake in the property based on your gross household income and any savings or equity available above a £5000 threshold, Key features of New Supply Shared Equity: •

As New Supply Shared Equity owners have title to their property they are responsible for council tax, all repairs and maintenance costs, and any common charges due for the property (such as maintaining common landscaping).

•

It is an essential condition of New Supply Shared Equity that applicants use the property as their sole residence. A New Supply Shared Equity owner will be responsible for keeping the property in a good and habitable state of repair.

•

You are entitled to buy a property up to 2 bed spaces above your current family size (i.e. the maximum size of property a couple can buy is a four-bed space property). Household size Single person 2 person 3 person 4 person 5 person 6 person 7 person +

Largest house type at Lochside eligible for: Not eligible for this scheme 2 / 3 bedroom - 4 person house 2 / 3 bedroom - 4 person house 3 bedroom - 6 person house 3 bedroom - 6 person house 3 bedroom - 6 person house No suitable accommodation available

•

You will pay for your share of the purchase price in the usual way, along with legal costs, survey fees and any other costs associated with the purchase. Currently Stamp Duty is not applicable within the KA8 post code for properties under £150,000. You do not pay any form of rent to Ayrshire Housing.

•

New Supply Shared Equity owners have a right to increase the equity stake in the property or move to full ownership after a period of 2 years after your date of entry. New 2                                        

 

House Type and Purchase Prices at Lochside Est. Completion date Oct-09

House Type 2.1 2.1 2.1 2.1 2.1 3.1 3.1 3.1 3.2 3.2

Nov-09

Dec-09

Feb-10

Description 3 bedroom / 4 person semi detached 3 bedroom / 4 person semi detached 3 bedroom / 4 person end terrace 3 bedroom / 4 person mid terrace 3 bedroom/ 4 person end terrace 3 bedroom / 6 person detached 3 bedroom / 6 person detached 3 bedroom/ 6 person semi detached 3 bedroom/ 6 person semi detached 3 bedroom/ 6 person semi detached

Revised Sales Plot Number Value

60% equity

2.08 £100,000 £60,000

80% Equity £80,000

2.09 £100,000 £60,000 £80,000 2.16 £95,000 £57,000 £76,000 2.17 £90,000 £54,000 £72,000 2.18 £95,000 £57,000 £76,000 2.02 £125,000 £75,000 £100,000 2.20 £125,000 £75,000 £100,000 3.12 £115,000 £69,000

£92,000

3.06 £115,000 £69,000

£92,000

3.07 £115,000 £69,000

£92,000

5.06 £100,000 £60,000

£80,000

5.07 £100,000 £60,000

£80,000

3 bedroom/ 4 person semi 2.1 detached 3 bedroom/ 4 person semi 2.1 detached 3 bedroom/ 6 person semi 3.1 detached 3.1 3 bedroom / 6 person detached

3.13 £115,000 £69,000 £92,000 6.15 £125,000 £75,000 £100,000

3.1 3.1 3.1 2.1 2.1

6.12 £110,000 £66,000 6.13 £105,000 £63,000 6.14 £110,000 £66,000 6.06 £95,000 £57,000 6.07 £90,000 £54,000

£88,000 £84,000 £88,000 £76,000 £72,000

6.01 £100,000 £60,000

£80,000

6.02 £100,000 £60,000

£80,000

4.06 £100,000 £60,000

£80,000

4.07 £100,000 £60,000

£80,000

4.11 £100,000 £60,000

£80,000

4.12 £100,000 £60,000

£80,000

3 bedroom/ 6 person end terrace 3 bedroom/ 6 person mid terrace 3 bedroom/ 6 person end terrace 3 bedroom/ 4 person end terrace 2 bedroom/ 4 person mid terrace 2 bedroom/ 4 person semi 2.2 detached 2 bedroom/ 4 person semi 2.2 detached 2.1 2.1 2.2 2.2

3 bedroom/ 4 person semi detached 3 bedroom/ 4 person semi detached 2 bedroom/ 4 person semi detached 3 bedroom/ 4 person semi detached

4                                        

 

Maximum Income Thresholds Below is an indication of the maximum income threshold of a household in order to qualify for New Supply Shared Equity property at Lochside. House Type

Maximum 80% stake

Sales Value

Maximum income

Maximum income

single income

joint income

3 bed/ 4 person, 2 storey, 2 x single, 1 double bedroom, end type 2.1 terrace

£95,000.00

£76,000.00

£21,714.29

£26,206.90

3 bed/ 4 person, 2 storey, 2 x single, 1 double bedroom, mid terrace

£90,000.00

£72,000.00

£20,571.43

£24,827.59

3 bed/ 4 person, 2 storey, 2 x single, 1 double bedroom, semi detached

£100,000.00

£80,000.00

£22,857.14

£27,586.21

2 bed/ 4 person, 2 storey, 2 x double bedrooms, mid terrace

£90,000.00

£72,000.00

£20,571.43

£24,827.59

   2 bed/ 4 person, 2 storey, 2 x double bedroom, semitype 2.2 detached

£100,000.00   

  

£80,000.00

£22,857.14

£27,586.21

  

type 3 bed/ 6 person, 3 x doubles, 3.1/A/B End terrace

£110,000.00

£88,000.00

£25,142.86

£30,344.83

3 bed/ 6 person, 3 x doubles, Mid terrace

£105,000.00

£84,000.00

£24,000.00

£28,965.52

3 bed/ 6 person, 3 x doubles, Semi detached

£115,000.00

£92,000.00

£26,285.71

£31,724.14

3 bed/ 6 person, 3 x doubles, Detached

£125,000.00

£100,000.00

£28,571.43

£34,482.76

5                                        

 

   3 bed/ 6 person, 3 x double bedrooms, semi-detached type 3.2 townhouse

  

£115,000.00

£92,000.00

£26,285.71

£31,724.14

Please note: these figures are based on total household income and therefore when an application is submitted on the basis of a Single Applicant, income of all other household members should be stated on the application form.

6                                        

 

Anticipated costs Associated with Home Ownership Below is a list of anticipated costs associated with home ownership to give you an indication of the costs involved in both purchasing and maintaining your home in addition to monthly mortgage payments. Applicants should shop around to find firm quotations for these items. ™ Indicative Costs of Purchase Conveyancing Internet Quote from building society. Applicants should costs – Solicitors shop around, obtaining a firm quote. A lot of lenders do fees deals where there is cash back to assist with legal fees and a refund of the survey.

£370

Conveyancing costs disbursements

Includes land registry searches, searches on title, – obtaining official copies of title, land registry fees, bank transfer fees etc.

£505

Building Society Typical fee. Most mortgage lenders charge a valuation Valuation fee fee to carry out a basic check on the value and condition of the house. Some mortgage lenders waive this fee to attract borrowers to secure loans with them or offer cashback to assist with legal fees and a refund of the survey. Building Society Typical fee. The charging of arrangement fees by lenders Mortgage has become increasingly common over recent years. Arrangement Fee Most lenders will now charge an arrangement fee, particularly if you are looking for a fixed or discounted mortgage. These can vary from a few hundred pounds up to a full 1% of the mortgage amount. TOTAL

£120

£499

£1,494

 

™ Indicative Ongoing Monthly Costs Item

Details

Indicative Monthly Payment

Council Tax

Based on typical property at Band C – £1375 per £115.00 annum

Mortgage Protection Insurance

40 year old man with mortgage payment of £600 per month (accident, sickness & unemployment)

Buildings Insurance

Internet quote - up to £1 mill cover 7                                        

£18.00 £8.68  

Contents insurance

Internet quote based on £17,100 cover

£10.97

Life Insurance Costs (for period of mortgage only) Open Area Maintenance

Indicative figure based on £80,000 cover 40 year old non smoking male

£10.60

Based on estimated costs of maintaining open areas + play area (£150 per annum)

£12.50

Ongoing repair costs based on average of £250 per year

£21.00

British Gas maintenance plan

£15.00

Provision only

£10.00

Repair and maintenance of property Central heating maintenance Fund for unexpected major repairs

Total £221.75

If you require further information please contact Rose Estelles at Ayrshire Housing 01292 880 120 or via email to [email protected]

8                                        

 

Return your completed application to: Ayrshire Housing (New Supply Shared Equity Applications) 119 Main Street Ayr KA8 8BX

Disclaimer Notice The information contained within this schedule is for guidance only and does not form part of any final contract. The specification, construction, price and occupancy charge details may be subject to change, alteration or amendment without notice. Ayrshire Housing is a Registered Social Landlord. Statutory restrictions apply to the sale of any Ayrshire Housing property to “relevant persons” as defined by Schedule 7 of the Housing (Scotland) Act 2001. A relevant person would be defined as someone who falls into one or more of the following categories: 1.

A current or former employee of Ayrshire Housing

2.

A current of former board member of Ayrshire Housing

3.

Someone employed on a freelance or agency basis by Ayrshire Housing

These statutory restrictions also apply to a close relative or partner of someone in the foregoing categories.

Please notify Ayrshire Housing if a statutory restriction would or may apply if you were to purchase a property at this development.

Meanwhile thank you for your interest  

9                                        

 

Application Form New Supply Shared Equity Application Priority Assessment Sheet

Lochside, Ayr (Please complete this form and place on the front of your completed Application Form)

Name of Applicant: _________________________________________________________ Second Applicant: _________________________________________________________ Address: __________________________________________________________________ _________________________________________________________________________ _________________________________________________________________________ No of Household Members: __________________________________________________ Please tick where applicable: Category 1: •

Applicants on South Ayrshire Council or any RSL waiting list (including transfer list) for Ayr

•

Tenants of South Ayrshire Council or any RSL currently resident in Ayr

•

Owners who have been re-housed as a result of the demolition at Lochside

Category 2: •

Applicants on any Ayrshire Council or any RSL waiting list (including transfer list) for Ayrshire

•

Tenants of any Ayrshire Council or any RSL currently resident in Ayrshire

Signature________________________________________ Date__________________ Signature________________________________________ Date__________________

1

Application Form Please read the guidance notes for applicants before completing the application form.

Part One – Enclosures Verification Required

(Please Tick if Provided)

1.

Last three months wage slips and last year’s P60 form for any applicant working i.e., if there are two of you working then we would need these for both of you.

2.

A formal mortgage quote from one lender along with two “in principle” quotes that can be obtained from two different lenders through their internet sites. Alternatively you may wish to go to a financial advisor who could organise this for you. Please note that when talking about mortgages, you must advise the lender or advisor that it is New Supply Shared Equity, as some lenders may not lend for this.

3.

Confirmation of Savings e.g. bank statements.

4.

Photocopy of passport or other appropriate I.D such as your Driving License.

5.

Photocopy of one utility bill.

6.

Details of lawyer – please make sure that your lawyer is aware that you are asking them to act for you.

7.

Written evidence of your current accommodation status, i.e. photocopy of tenancy agreement if a tenant or letter from parent if living at home.

8.

In the case of current home owners, evidence supporting your need to move.

9.

Have you completed the Priority Assessment Sheet?

10. Are you satisfied that you have completed the application from and provided all of the necessary information?

1

9

Lochside New Supply Shared Equity Scheme 1.

How many people are applying to the scheme (applicants are all those who wish to be named as the owner of the property)? _________

2.

Please give details of all applicants: First Applicant Surname:

Second Applicant Surname:

First Names:

First Names:

Current Address:

Current Address:

Postcode (in full):

Postcode (in full):

Date of birth:

Date of birth:

E - Mail Address:

E - Mail Address:

Telephone numbers Home:

Telephone numbers Home:

Work:

Work:

Mobile:

Mobile:

Relationship to Other Applicant:

Relationship to Other Applicant:

(If there are more than two applicants please use the space provided at the end of the form to tell us about the other people applying)

2

Part Three – About You First Applicant 1.

Are you a first-time buyer?

Yes

/ No

2.

Are you currently employed or in receipt of an employment offer in the area where the property is located? Yes / No If yes, please tell us about your employment Employers Details Employers Name Employers Address

Type of Employment Occupation

3.

Are you currently self-employed?

Yes / No

If yes, please tell us about the kind of business you operate. Company Details Company Name Company Address

Type of Company Occupation

3

4.

Do you have any local connection in the area in which you wish to live, for example, family or relatives? Yes / No If yes, please give us more information.

5.

How long have you lived in this area? (if relevant)

6.

If you wish to move into the area where the property is located, please tell us why this is.

7.

Is this application in respect of your intended primary and only residence?

Yes / No

8.

Have you left the Armed Forces in the past year?

Yes / No

9.

Are you a United Kingdom national?

Yes / No

If no, please provide written evidence that you have a right to permanent residency in the United Kingdom. 10. Are you in receipt of any other grant payments from the grant provider or any other agency? Yes / No If yes, please state:

4

Second Applicant 11. Are you a first-time buyer?

Yes / No

12. Are you currently employed or in receipt of an employment offer in the area where the property is located? Yes / No If yes, please tell us about your employment. Employers Details Employers Name Employers Address

Type of Employment Occupation

13. Are you currently self-employed?

Yes / No

If yes, please tell us about the kind of business you operate. Company Details Company Name Company Address

Type of Company Occupation

5

14. Do you have any local connection in the area in which you wish to live, for example, family or relatives? Yes / No If yes, please give us more information.

15. How long have you lived in this area? (if relevant)

16. If you wish to move into the area where the property is located please tell us why this is.

17. Is this application in respect of your intended primary and only residence?

Yes / No

18. Are you in receipt of any other grant payments from the grant provider or any other agency? Yes / No If yes, please state:

(If there are more than two applicants please use the space provided at the end of the form to tell us about the other people applying.)

6

Part Four – Details of those who will be living with you Please tell us about the other people who will live in the property: Surname

First Name(s)

Date of Birth

7

Relationship to App Occupation (if applicable)

Part Five – Current Accommodation Do all applicants currently live in the same accommodation?

Yes / No

If yes, only complete Questions 1 to 7 in this section. If no, the first applicant must complete 1 to 7 and the second applicant must complete 8 to 14. You must provide written evidence of the accommodation status of all applicants regardless of whether they currently live in the same accommodation or live separately. First applicant 1.

How would you describe your current living arrangements? Please tick

Home owner Local authority tenant Registered social landlord tenant (normally a housing association or housing co-operative) Private rented (unfurnished) Private rented (furnished) Lodger Living with parents/ relatives Tied accommodation Other (please state) 2.

If you are a tenant or a lodger, please give the name and address of your landlord.

Name Address

8

3.

Are you on a local authority or RSL waiting list? If so, which?

Name of local authority/ RSL

4.

How long have you been on the waiting list?

Please describe the type of accommodation that you live in:

Please tick

House Flat Caravan Hostel Shared accommodation Other (please state): 5.

How long have you lived in this accommodation?

6.

How many rooms are there is your present accommodation (excluding the kitchen, bathroom and any hall areas)?

7.

Please explain why you want to move from the house you currently live in.

Please include Enclosure One – Evidence of accommodation status

9

Second Applicant 8.

How would you describe your current living arrangements?

Please tick

Home owner Local authority tenant Registered social landlord tenant (normally a housing association or housing co-operative) Private rented (unfurnished) Private rented (furnished) Lodger Living with parents/ relatives Tied accommodation Other (please state)

9.

If you are a tenant or a lodger, please give the name and address of your landlord.

Name Address

10

10. Are you on a local authority or RSL waiting list? If so, which? Name of local authority/ RSL

How long have you been on the waiting list?

11. Please describe the type of accommodation that you live in: Please tick House Flat Caravan Hostel Shared accommodation Other (please state): 12. How long have you lived in this accommodation?

13. How many rooms are there is your present accommodation (excluding the kitchen, bathroom and any hall areas)?

14. Please explain why you want to move from the house you currently live in.

Please include Enclosure One – Evidence of accommodation status

11

Part Six – People with Particular Housing Needs 1.

Do you or any member of your household have a disability or learning difficulty we should take into account? Yes / No

2.

Does this affect the type/ design of property that you can live in?

Yes / No

If yes, please give us more information, for example, need full wheelchair access internally; need all electric power:

3.

Does this affect the location where you are able to purchase a house?

Yes / No

If yes, please give us more information, for example, need to be close to family/ carer(s); need to be close to facilities – transport, schools:

4.

If you currently own your home, do you have written support from a professional (such as a doctor or occupational therapist) stating that your current property is not suitable for your needs? Yes / No

5.

Who is providing this written support?

Please include Enclosure Two – written support stating why you have to move from the house that you own.

12

Part Seven – Income Assessment 1.

Gross earnings (per annum)

First Applicant Second Applicant Other applicants Total earnings 2.

Please specify any other income per annum: Sickness Benefit Unemployment Benefit Bank interest Superannuation or pension Working Families Tax Credit Welfare Benefit Widow’s Pension Share Profit Other (please specify):

3.

Please specify total savings held: First Applicant Second Applicant Other applicants Total savings

13

3(a) Please give details of your savings: Type of Saving

First Applicant

Second Applicant

Cash

£

£

Premium Bonds

£

£

Stocks and Shares

£

£

Unit Trusts

£

£

Bank/Building Society Accounts

£

£

Fixed Term Investments

£

£

Surrender Value of Endowment Policies

£

£

Property

£

£

Redundancy Payments

£

£

Pension Lump Sum Payments

£

£

Please include enclosure Three – Confirmation of savings e.g. bank statements 4.

Do any members of the household currently own their home? If yes, how much do they expect to make from the sale of the property? £

5.

If yes, why do you need to move from your current home?

14

Yes / No

6.

Have any members of the household previously owned a home? If yes, what profit did they make from the sale of this property? £

7.

Which lenders have you contacted regarding a mortgage for a New Supply Shared Equity property?

Please note that, in most circumstances, applicants are required to provide three mortgage quotes from three different lenders. Where this is not possible, there should be clear justification of the reasons (see Question 9). The quotes must be from a qualifying lender such as a bank, building society or insurance company. Other lenders may be acceptable but you will need to check first with Ayrshire Housing whether the lender can provide a mortgage for the New Supply Shared Equity scheme. You should be able to obtain quotes that do not involve a credit search. Searches can leave ‘footprints’ on your credit history which may affect your ability to obtain credit. You should therefore confirm with the lender whether a quote will include any form of credit search. If a quote does require a credit search the lender should explain to you any potential consequences. The lender should also obtain your consent before carrying out the search.

Lender 1 Name Address

Lender 2 Name Address

Lender 3 Name Address

15

8.

What is the maximum value of the mortgage that you have been told you are entitled to? £

9.

Do you have written confirmation of the mortgage that you are entitled to from three different qualifying lenders? Yes / No If no, please tell us why you have not been able to obtain three separate quotes.

Please include Enclosure Four – Written evidence of mortgage quotes which you have received from three different qualifying lenders. Part Eight – Solicitors who will be acting for you 1.

Which firm of solicitors have you contacted to act for you in the purchase of a property? Name Address Partner responsible

Please note that if you have not already appointed a solicitor you should do so as soon as possible. You should make sure that they pass on their details to us as soon as they are appointed.

16

Part nine – Use of information The Scottish Government and Ayrshire Housing will use the information you provide on this application form (including Sensitive Personal Data and defined in the Data Protection Act 1998) for the purposes of, or in connection with, the processing of your application for the New Supply Shared Equity scheme and/or the operation of the New Supply Shared Equity scheme; any transfer of the Scottish Government’s interest in it; and enabling the Scottish Government and its agents, including Ayrshire Housing and anyone acting on its behalf, to monitor and / otherwise evaluate the scheme. This may include making checks with credit rating agencies to authenticate and verify your identity and credit status; taking up references and sharing this information with other organisations that handle public funds; and passing information to other partner housing providers (registered social landlords and private developers) and to your own legal advisers. If any of the information changes, you must inform the Scottish Government and Ayrshire Housing immediately. The information may also be used for statistical surveys and the Scottish Government and/or their representatives, including Ayrshire Housing, may contact you in the future to seek your views on the scheme. The Scottish Government must protect public funds and so may use the information you have provided on this form to prevent and detect fraud. Under section 29(3) of the Data Protection Act 1998, the information may be disclosed for the purposes of crime prevention and detection. Sensitive Personal Data is required under the Equal Opportunities Monitoring statute. You may request a copy of the information we hold about you. We may charge an administrative charge for each request. You also have the right to request correction of any incorrect information. Note: ‘Sensitive Personal Data’ is defined in the Data Protection Act 1998 as being information concerning your racial or ethnic origin, political opinions, religious, philosophical or similar beliefs, trade union membership, physical or mental health, sexual life, commission of criminal offences and/or involvement in criminal proceedings.

17

Part ten – Signing the Application Form For joint applications both signatures are required. I/ We confirm that I/ we would like to be considered for the New Supply Shared Equity scheme and that I/ we have fully considered the requirements of the scheme as laid out in the information received in relation to the scheme. I/ We acknowledge and explicitly give my/ our consent to the Ayrshire Housing and grant provider gathering, processing and storing Sensitive Personal Data as defined in the Data Protection Act 1998, as will be required to process my/our application for the New Supply Shared Equity scheme. I/ We also acknowledge and explicitly give my/ our consent to the Ayrshire Housing passing Sensitive Personal Data as defined by the Data Protection Act 1998 to the Scottish Executive to enable the Scottish Executive to monitor and evaluate the New Supply Shared Equity scheme, and to enable the Scottish Executive to potentially contact me/ us in the future to seek my/ our views on the New Supply Shared Equity scheme. I/ We confirm that the information provided in this application form is to the best of my/our knowledge and belief correct and accurate in all respects. I/ We understand and confirm that the Ayrshire Housing and grant provider reserve the right to withdraw from any agreement with me/ us in the event that the information provided proves to have been false or misleading. Signatory 1

Print Name (including Mr/Mrs/Miss/Ms) Signature 1 Date

Signatory 2 (if applicable)

Print Name (including Mr/Mrs/Miss/Ms) Signature 2 Date

All applicants must sign this form twice – once here and once in the next section. The signature in the next section allows us to request information from the lender that has offered you a mortgage. We may contact you after we have received the application form to ask you to sign letters giving us permission to contact other organisations mentioned in this form.

18

Additional space for extra information

19

Part eleven – Allowing us to Request and Share Information I/ We hereby authorise (enter the name and address of the lenders who you have spoken to about obtaining a mortgage). Lender 1 Name and Address

Lender 2 Name and Address

Lender 3 Name and Address

To release any information about my/ our current financial situation which the Registered Social Landlord might need in connection with my/ our application to purchase a home under the New Supply Shared Equity scheme. I/We also authorise The Scottish Executive or the relevant grant provider to share information between them with regard to my/our application. Signatory 1

Print Name (including Mr/Mrs/Miss/Ms) Address: Signature 1 Date

Signatory 2 (if applicable)

Print Name (including Mr/Mrs/Miss/Ms) Address: Signature 2 Date

20

Equal Opportunities Monitoring Ayrshire Housing’s equal opportunities policy aims to ensure that everyone who applies to the organisation whatever their race, colour or ethnic origin will receive equal treatment. To ensure our policy is working, we would be grateful if you would choose ONE section, then tick one box within that section to indicate your cultural background. Applicant 1

Applicant 2

White

White

Scottish Other British Irish Any other White background

Scottish Other British Irish Any other White background

………………………………………

………………………………………

Black, Black Scottish or Black British Caribbean African Any other Black background

Black, Black Scottish or Black British Caribbean African Any other Black background

………………………………………

………………………………………

Asian, Asian Scottish or Asian British Indian Pakistani Bangladeshi Chinese Any other Asian background

Asian, Asian Scottish or Asian British Indian Pakistani Bangladeshi Chinese Any other Asian background

………………………………………

………………………………………

Mixed Any other Mixed background

Mixed Any other mixed background

………………………………………

………………………………………

Other ethnic background Any other background

Other ethnic background Any other background

………………………………………

………………………………………

21

Notes for Completion of Application Form Part One – Enclosures These are additional documents which must be provided where necessary in order to consider your application. Enclosure one -

Evidence of your accommodation status is required. For example, if you are a tenant, a copy of your tenancy agreement should be provided. You must provide written evidence of the accommodation status of all applicants regardless of whether they currently live in the same accommodation or live separately.

Enclosure two –

If you currently own your home but need to move, you must provide evidence of why this is the case. For example, if you have particular housing needs arising from an impairment or disability and need to move you must provide written evidence from a professional (such as a doctor or occupational therapist) stating why your current home is unsuitable.

Enclosure three –

A New Supply Shared Equity purchaser may retain £5,000 of any savings held. Above this amount, 90 per cent of the balance will be treated as a contribution towards the New Supply Shared Equity ‘equity stake’. Any capital gain on your last owned property must be given and will be included as a personal contribution towards your New Supply Shared Equity property. Your must tell us about the profit, or anticipated profit, from the sale of the property.

Enclosure four –

Applicants are normally required to provide mortgage quotes from three different mortgage lenders. The mortgage quotes must be from a qualifying lender such as a bank, building society or insurance company. Other lenders may be acceptable but you need to check with us whether the lender can provide a mortgage for the New Supply Shared Equity scheme. Where it is not possible to provide three mortgage quotes, there should be clear justification of the reasons.

You should be able to obtain quotes that do not involve a credit search. Searches can leave ‘footprints’ on your credit history which may affect your ability to obtain credit. You should therefore confirm with the lender whether a quote will include any form of credit search. If a quote does require a credit search the lender should explain to you ay potential consequences. The lender should also obtain your consent before carrying out the search. 1

Part Two – About the Application Please complete the application form using BLOCK CAPITALS Please tell us about your personal details and the New Supply Shared Equity property that you would like to buy. Please complete all your personal details and include a telephone number which would be useful if we need to clarify any details. Part Three – About You This part tells us more about your current employment status and your relationship to the area you wish to buy a New Supply Shared Equity home in. Please provide details if you have any local connections in the area and, if you already live in the area, please say how long you have lived there. This section should be completed for all applicants. Part Four – Details of Those Who Will Be Residing With You. This is to help us assess your house size requirements. Please give details of all those who will be living with you. Part Five – Current Accommodation Please give us details of your current accommodation. If all applicants currently live in the same accommodation you only need to complete Questions 1 to 7 in this section. If the applicants’ currently live in separate accommodation you must tell us about the living arrangements for each person. Please give us the details of your landlord, if applicable, and any housing waiting lists that you are currently on. Please tell us about the type of accommodation that you currently live in. House/apartment size should be based on the number of rooms in your accommodation excluding the kitchen, bathroom and any hall areas. Please explain why you want to move from your current accommodation into a New Supply Shared Equity property. Please provide Enclosure one – Evidence of accommodation status.

2

Part Six – People with Particular Housing Needs We use the term ‘people with particular housing needs’ to describe people who have a need for a more expensive, larger or more specialised house. This need could arise as a result of a member of the household having a disability or impairment. This section relates to information about any particular housing need that you or a member of your household has. Please give as much detail as possible about any special housing requirements that you have in relation to house type, design and location. If you currently own your home but require a property which is more expensive as a result of your particular housing needs we will need to know the specific reasons for this. We need written support from a professional (such as a doctor or occupational therapist) stating why your current house is no longer suitable for your needs. Please provide Enclosure two – Evidence of why you have to move from the house that you own. Part Seven – Income Assessment We need as much information as possible relating to your financial situation. We cannot assess your application unless you fully complete this section. New Supply Shared Equity applicants will have to state all sources of finance. A household’s income will be considered to be the total of: ¾ Gross earnings, per single person or couple, as appropriate: ¾ Any other income, comprising sickness benefit, unemployment benefit, bank interest, superannuation or pension from previous employment, welfare benefit, working families tax credit, widow’s pension and shareholder’s profits; and ¾ Personal contributions Personal contributions may comprise savings, gifts or any other contributions by the applicant. The definition of personal savings that we use includes: cash, premium bonds, stocks and shares, unit trusts, bank or building society accounts and fixed-term investments; the surrender value of any endowment policies; property; redundancy payments; and pension lump sum payments. The definition of personal savings does not include: personal possessions; business assets; tax rebates; personal pension schemes; retirement annuity 3

contracts and annuity surrender values; any essential transport costs or capital sum awarded for the purpose of support or care costs. We will include personal savings held by all prospective applicants. A New Supply Shared Equity purchaser may retain £5,000 of any savings held. Above this amount, 90 per cent of the balance will be treated as a contribution towards the New Supply Shared Equity ‘equity stake’. If you already own a home you may still apply. However, any capital gain on your last owned property must be given and will be included as a personal contribution towards the New Supply Shared Equity property. Your must tell us about the profit, or anticipated profit, from the sale of the property. The information must be validated by a solicitor if the application proceeds to the next stage. You must tell us about the mortgage that you have been told you are entitled to by lenders. In most circumstances applicants are required to provide three mortgage quotes from three different lenders. Where this is not possible, there should be clear justification of the reasons. The mortgage quotes must be from qualifying lenders such as a bank, building society or insurance company. Other lenders may be acceptable but you will need to check first with us whether the lender can provide a mortgage for the New Supply Shared Equity scheme. Applicants must purchase the maximum level of equity they can afford, taking into account other financial commitments and the associated costs of home ownership. Please include Enclosure Three – Confirmation of savings and Enclosure Four Evidence of the maximum mortgage that you are able to raise. Part Eight – Signing the Application Form Please ensure that all applicants sign the application form. Each applicant must sign the form twice – here and in the next section. Part Nine – Allowing Us to Request and Share Information The signatures in this section allow us to request information from the lenders that have given you mortgage quotes and to share information with our grant provider.

4

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5.01 2-3

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Site Plan Key

private garden areas

public landscape areas

private paved areas/parking

shared surfaces

raised table block paving

ramped block paving

tarmac road

pavement

1 m high walls

2 m high walls

House types denoted by large text e.g. 2-3

Plot numbers are noted by small text on blue / red block e.g 4.07

4.01 2-3

6.21 2-1 H

Homestake Units Key

House Type 2-1/2-1H, 2-Bed/4-Person = 11no.

House Type 2-2/2-2H, 2-Bed/4-Person = 4no.

House Type 3-1/3-1H, 3-Bed/6-Person = 8no.

House Type 3-2/3-2H, 3-Bed/6-Person = 2no.

Total Number of Homestake Units = 25no.

Lochside - 5850 Proposed Site Plan Homestake Homes For Sale Locations

1.500 @ A1 1.1000 @ A3

SG

L 08 Ayrshire Housing

July 2008

A

SITE LOCATION

HOUSE TYPE 2.1

NET AREA

80.1sqm

Living Kitchen WC Bathroom Bedroom 1 Bedroom 2 Bedroom 3 Storage

17.4sqm 10.7sqm 2sqm 4sqm 11.8sqm 7.8sqm 7.8sqm 4.5sqm

HOUSE TYPE 2.1 b.

NET AREA

80.1sqm

Living Kitchen WC Bathroom Bedroom 1 Bedroom 2 Bedroom 3 Storage

17.4sqm 10.7sqm 2sqm 4sqm 11.8sqm 7.8sqm 7.8sqm 4.5sqm

HOUSE TYPE 2.2

NET AREA

79.4sqm

Living Kitchen WC Bathroom Bedroom 1 Bedroom 2 Storage

15.7sqm 12sqm 3.4sqm 4.4sqm 12sqm 10.9sqm 3.3sqm

HOUSE TYPE 3.1

NET AREA Living Kitchen WC/Shower Bathroom Bedroom 1 Bedroom 2 Bedroom 3 Storage

97sqm 14.9sqm 13.8sqm 4sqm 5.3sqm 11.8sqm 10.9sqm 11.3sqm 4.5sqm

HOUSE TYPE 3.1a

NET AREA Living Kitchen WC/Shower Bathroom Bedroom 1 Bedroom 2 Bedroom 3 Storage

97sqm 14.9sqm 13.8sqm 4sqm 5.3sqm 11.8sqm 10.9sqm 11.3sqm 4.5sqm

HOUSE TYPE 3.1b

NET AREA Living Kitchen WC/Shower Bathroom Bedroom 1 Bedroom 2 Bedroom 3 Storage

97sqm 14.9sqm 13.8sqm 4sqm 5.3sqm 11.8sqm 10.9sqm 11.3sqm 4.5sqm

HOUSE TYPE 3.2

NET AREA

102.5sqm

Living Kitchen Shower Bathroom Bedroom 1 Bedroom 2 Storage

13.3sqm 16.1sqm 3.4sqm 4.4sqm 12sqm 10.9sqm 3.3sqm