The worst process I have ever experienced.
My partner and I applied for a shared ownership property through SOWN weeks ago and passed both stages of the affordability assessment.
We had a call with TMP (a partner of SOWN) yesterday to discuss the final stage. We were told during this call that we were first in line for the property and nearing sign off.
I received a voicemail today from SOWN confirming that we had been signed off by TMP and the property was therefor ours.
I get home from work today with a smile on my face, thinking I had found a home for my wife and three year old son to move into, only to receive a call from SOWN... TMP had not signed us off on the property and SOWN and TMP had instead signed someone else off who viewed the property yesterday and applied for it the same day.
A process that took my partner and I weeks to complete took someone else less than a day. This unknown person viewed the property yesterday for the first time and got assigned the property by 19:00 that night.
Both SOWN and TMP knew that my partner and I had sold our property (STC) and have to move out before the end of September, as this is when our mortgage rate doubles.
I cannot express how angry I am. My partner and I now have to consider renting to avoid losing our buyers and to avoid our mortgage rate literally doubling at the end of September.
Not only is the shared ownership process obviously broken but SOWN and TMP appear to have fast tracked someone else into the property despite telling my partner and I that we were first in line.
I do not recommend shared ownership, or SOWN, or TMP.
I can only hope the person who has been assigned the property in record time genuinely needs it because my family and I are now facing homelessness if we cannot find an alternative.








