You may be eligible for this property if:

· Register your interest (pink button on the right)

· Have a passed initial financial assessment with one of the below companies:

SRC Mortgage Solutions (https://www.srcmortgagesolutions.com/)

TMP The Mortgage People (tmpmortgages.co.uk)

Mortgage Advice Bureau | UK’s leading mortgage intermediary (https://www.mortgageadvicebureau.com)

· You have a gross household income of no more than £90000 per annum when eligible to purchase.

· Live or work in the borough

· You are unable to purchase a suitable home to meet your housing needs on the open market. (Shares cannot be purchased in cash unless you are unable to obtain a mortgage due to age or religious grounds)

· You do not already own a home, or you will have sold your current home before you purchase or rent.

· To purchase this 35% minimum share you will need a minimum joint household income of £74,424 and available savings of £10,500 for a 5% mortgage deposit.

Are you eligible for a Shared Ownership home?

Eligibility will vary depending on which property you are looking at purchasing, the property size and whether there are any criteria imposed by the local authority.

General Shared Ownership eligibility criteria

• You must be aged 18 or older.
• Your annual household income if buying outside of London must be less than £80,000.
• Your annual household income if buying in London must be less than £90,000.
• You will normally be a first time buyer or be in the process of selling your home. You must not own any other property at the time you buy your new home.
• You should not be able to afford to buy a home on the open market which is suitable for your housing needs.
• You must be able to show you are not in rent or mortgage arrears.
• You must be able to demonstrate that you have a good credit history (no County Court Judgements or bad debts) and can afford the costs and regular payments involved in buying a home.

Please note: You should always check the eligibility required with the specific development, as there may be specific criteria.
Priority for Shared Ownership:
In some instances priority for Shared Ownership properties can be given to applicants:

• That work for the Armed Forces / Ministry of Defence.
• Who are council and housing association tenants.
• Who live or work in the borough in which the property is located over those who currently live or work outside it.
• On some developments, secondary priority is given to applicants who live or work in the neighbouring borough

You will need to be earning a guidance income of £60,494. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,125Total approximate savings required £23,125

Important borough specific eligibility criteria

Lambeth

Priority will go to applicants with a connection to Lambeth

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.

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

• Not own another property in the UK or any other country.
• Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
• Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
• Be in full time permanent employment.
• Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
• Have a good credit history.

To be eligible to apply for this property, you must:

• Be registered with Home Ownership Westminster*
• Have lived or worked in Westminster continuously for at least the last year
• Be a first time buyer or you will have sold any property you owned in the UK or abroad prior to completing on a property in Westminster
• Not exceed the maximum household income threshold of £90,000
  *Applicants who are not currently registered can complete their registration using the link below:

https://www.homeownershipwestminster.co.uk/register

You will need to be earning a guidance income of £63,336. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,750. Total approximate savings required £22,750

Important borough specific eligibility criteria

Lambeth
All London applicants will be considered, with priority given to Lambeth applicants.

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.

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 will need to be earning a guidance income of £57,385.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,600. Total approximate savings required £19,600.

Important borough specific eligibility criteria

Southwark

All London Applicants will be considered, with priority given to Southwark Applicants.

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.

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.

Open to applicants from all Boroughs, but priority is given to those who live or work in the London Borough of Southwark.

• Open to applicants from all Boroughs
• Earning up to £90k