ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £350,000 and a purchaser would not need to meet the eligibility criteria listed above.

As a guide you will need to have a household income of at least £54,902. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,450. Total approximate savings required £16,450.

Wandsworth

Priority given to people who live/work in the borough.

Wandsworth will only accept applicants who have registered with Wandsworth Home Ownership and have been granted a reference number. This property will only be allocated to registered applicants for a minimum of eight weeks

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council

As a guide you will need to have a household income of at least £75,083. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,625. Total approximate savings required £18,625.

Please note if your expected deposit is higher than 10% the required household income can be reduced - for more information please call 020 8548 2148.

Important borough specific eligibility criteria

Wandsworth

Wandsworth will only accept applicants who have registered with Wandsworth Home Ownership and have been granted a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number. This property will only be allocated to registered applicants for a minimum of eight weeks.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.

You are eligible to purchase a Home Reach property in England or Wales if:

· Your household income does not exceed £80,000 per annum for homes outside of London (£90,000 in London)

· You have a deposit (at least 5% of the share value)

· You are a first-time buyer or used to own a home, but cannot afford to buy outright now

· The shared ownership property will be your principle and only home

· You have passed a financial assessment, demonstrating you are financially able to purchase the minimum share value and support the monthly costs.

· Household minimum income must be above £33,170

Eligibility Criteria:

• Have a minimum combined household income minimum of £64,670 and maximum income of £90,000
• Not own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market
• Have a minimum of £5,000 to cover the costs of buying a home

You will need to be earning a guidance income of £ 52,884. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,125 Total approximate savings required £ 17,125. Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

Wandsworth will only accept applicants who have registered with Wandsworth Home Buy council and have been granted a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number. This property will only be allocated to registered applicants for a minimum of eight weeks.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home

ELIGIBILITY:

Terms and conditions apply. You may be eligible for this property if:

•You have a gross household income of no more than £80,000 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.

ELIGIBILITY:

Terms and conditions apply. You may be eligible for this property if:

•You have a gross household income of no more than £80,000 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.