2  Applicant Eligibility

2.1 General

2.1.1 Open Market HomeBuy is restricted to eligible applicants, the qualification criteria for whom are set out below.

2.1.2 Eligible applicants may purchase an eligible property with the assistance of OMHB with up to three other people. Special rules apply to joint purchasers of properties. See NBHB chapter 6.3. It is a requirement that all properties purchased through Open Market HomeBuy should be the applicant’s main residence.

2.1.3 Equity Loan Providers must ensure that they have sufficient allocations to provide the SHG payment

2.2 Eligibility Criteria

2.2.1 The eligibility criteria for Expanded Open Market HomeBuy are the same as for New Build HomeBuy.  For details see New Build HomeBuy 1.4, and in particlular 1.4.6, which only relates to OMHB.

2.2.2 Guidance has been published requiring use of the Corporation's OMHB Affordability best pratice guide, please see Guidance 4.4.3