Shared Ownership

To be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:

You are at least 18 years old
You cannot afford to buy a home that suits your household’s needs on the open market
You have savings to cover a mortgage deposit and can obtain a mortgage
You are a first-time buyer
If you already own a home and need to move but cannot afford to – or you have equity from a recent sale – please contact us, as there are some circumstances under which you may still be eligible. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.

Applicants with a household annual gross income in excess of £90,000 are not eligible for Shared Ownership in this area.

Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with anindependent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.

ELIGIBILITY:

• Please note, applicants who live, work or have a family connection to the Mole Valley district will be prioritised for this development.
• You must be at least 18 years old.
• You cannot afford to buy a home suitable for your needs on the open market.
• You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
• Your annual household income must be less than £80,000.

If you already own a home and need to move but cannot afford to – or you have equity from a recent sale – please contact us, as there are some circumstances under which you may still be eligible. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.

Maximum incomes and further eligibility requirements may vary for each scheme. Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with an independent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.

You may be eligible for this property if:

• You have a gross household income of no more than £90,000 per annum.
• You are unable to purchase a suitable home to meet your housing needs on the open market.
• You do not already own a home or you will have sold your current home before you purchase or rent.
• You live or work in Redbridge - Redbridge, London Borough

Am I eligible?

Shared Ownership is a part-buy, part- rent scheme that makes getting on the property ladder more accessible. Buyers will need to meet certain eligibility criteria to be able to purchase these homes. For those in London, there are maximum caps on income which means that your household must earn less than £90,000. The requirements also outline that purchasers cannot own any other properties and need to be a minimum of 18 years old.

Am I eligible?

Shared Ownership is a part-buy, part- rent scheme that makes getting on the property ladder more accessible. Buyers will need to meet certain eligibility criteria to be able to purchase these homes. For those in London, there are maximum caps on income which means that your household must earn less than £90,000. The requirements also outline that purchasers cannot own any other properties and need to be a minimum of 18 years old.

Am I eligible?

• You must be at least 18 years old.
• You must be unable to buy a home suitable for your needs on the open market.
• You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.Your annual household income must be less than £80,000.You must be a first-time buyer or an existing shared owner.
• If you already own a home, and need to move but cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

To find out if you are eligible for this development check our Shared Ownership eligibility criteria.

To be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:

• You are at least 18 years old
• You cannot afford to buy a home that suits your household’s needs on the open market
• You have savings to cover a mortgage deposit and can obtain a mortgage
• You are a first-time buyer

If you already own a home and need to move but cannot afford to – or you have equity from a recent sale – please contact us, as there are some circumstances under which you may still be eligible. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.

Maximum incomes and further eligibility requirements may vary for each scheme. Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with an independent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.