Please note Share Equity is not available to non resident homeowners. The definition of resident homeowner is outlined above. You will need to be resident for 12months prior to acquisition to qualify for full home loss. If you move back and qualify as a resident homeowner, you will be able to buy into the scheme according to the Council’s Key Guarantees. You will be expected to put the value of your existing home plus your homeloss payment toward paying for the new home. It is assumed that you will be able to buy a unit on the estate with same number of bedrooms as your existing accommodation. However, subject to availability, finance and your housing need, you may able to downsize or upgrade. The detail of this has not been confirmed at this stage.
Does this answer your questions? If not get in touch