• Minimum salaries required are: £23,252 (single), £27,252 (joint)
• Applicants must have access to £3,500 savings to cover purchasing costs. A higher level of savings will be required to obtain a mortgage
• Applicants must be registered with the Help to Buy Agent, BPHA www.helptobuyagent2.org.uk, 03333 214044
• Applicants should have a live and/or work connection to the Tonbridge and Malling district
• Priority will be given to serving military personnel

Information correct as at August 2020

• Priority will be offered to buyers who live or work in the parish of Plaxtol
• Applicants must have a connection to Tonbridge & Malling.

Priority will be offered to MOD personnel.

Applicants must live or work in the Tonbridge and Malling local authority area. 

Applicants from Plaxtol will be given highest priority.

Priority will be offered to MOD personnel and buyers who live/work in the Tonbridge & Malling district.

Priority will be given to MOD personnel

Priority will be offered to MOD personnel.

Priority will be offered to MOD Personnel.

Priority will be given to MOD personnel

Priority will be given to MOD personnel

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
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.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
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.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]

Am I eligible?

What is Shared Ownership?

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can usually buy more of the property until you own 100%.

You will need a small deposit at the outset – a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

There are certain conditions to be eligible for a Shared Ownership property:

• Your annual household income must be no more than £80,000.

• You must be unable to purchase a home suitable for your needs without assistance.

• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

• You must be 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.

If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may also need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property.

To be eligible for our apartments you must be aged 55 or over and have a minimum support need of 3.5 hours per week (care and support can be provided by a partner, friend, family or a care provider.) You must also meet the Government’s Help to Buy eligibility criteria.

Am I eligible?

• You must have a live or work connection to Tonbridge & Malling or the immediate neighbouring boroughs of Medway, Sevenoaks, Tunbridge Wells & Maidstone.
• 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.
• You must be a first time buyer or existing shared owner*. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

Reserve for just £125* – offer extended until 31st December 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st December 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 45 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

Am I eligible?

• You must have a live or work connection to Tonbridge & Malling or the immediate neighbouring boroughs of Medway, Sevenoaks, Tunbridge Wells & Maidstone.
• 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.
• You must be a first time buyer or existing shared owner*. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

Reserve for just £125* – offer extended until 31st December 2020

Reserve your dream home with Shared Ownership for less – simply contact Clarion Housing today and find out how easy it is.

*Fee reduced from £500. Offer available until 31st December 2020 and applies to all Shared Ownership purchases with Clarion Housing. If the property does not exchange within 45 days of the reservation fee being taken then the full £500 reservation fee will be required. Full T&Cs available on request.

Am I eligible?

• You must have a live or work connection to Tonbridge & Malling or the immediate neighbouring boroughs of Medway, Sevenoaks, Tunbridge Wells & Maidstone.
• 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.
• You must be a first time buyer or existing shared owner*. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.

Priority will be offered to MOD personnel

Priority will be offered to MOD personnel

Priority will be offered to MOD personnel.

Priority will be offered to MOD personnel.

To be eligible to purchase a Shared Ownership home

• Your annual household income can be no more than £90,000
• You should be unable to purchase a home suitable for your needs without assistance.
• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
• You must be a first time buyer. If you already own a home and need to move but cannot afford to, please contact us. There may be some circumstances under which you could be eligible.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

• Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
• Service Charge: covers maintenance costs for the property as a whole and communal areas
• Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

Shared Ownership Resales: Also known as part buy part rent on second hand homes, with this affordable home ownership scheme you purchase a share of the property and rent the remainder from the housing provider.

Shared Ownership New Build: Also known as part buy part rent, with this affordable home ownership scheme you purchase a share of a brand new property and rent the remainder from the housing provider. The price shows the minimum share available, and the size of the share you purchase will depend on what you can afford.

Affordable housing scheme: Intermediate Rent (pay a discounted rent)

Affordable housing scheme: Rent to Save (pay a discounted rent).

Rent to save is designed to enable aspiring home-owners to move into the home they have chosen, even if they have not yet been able to save a sufficient mortgage deposit. As the rent will be at a lower than market rate, you will be able to save throughout the period of your tenancy.

Affordable housing scheme: Over-55s Shared Ownership

For people aged 55 or over who are otherwise unable to afford to buy a home suitable to their needs. The scheme is similar to Shared Ownership and enables you to buy a 75% share of the home or apartment.

Affordable housing scheme: Your Home

Turn any freehold property into part-buy-part-rent with Your Home. You simply need 10% cash deposit on the full purchase price, there’s no need for a mortgage and you can buy more or move at any time plus added benefits. To find out more contact Heylo via the property page

Affordable housing scheme: Discount Market Sale

Discount Market Sale (DMS) is a low cost home ownership product where a new build property is purchased at a discounted price. This discount is usually around 20% and the scheme is to help low and middle earners get onto the property ladder.

Affordable housing scheme: Help to Buy equity loans (100% ownership but with a 20% equity loan)

Buy a new home on an approved new build development with assistance from the Government in the form of an equity loan. The equity loan is interest free for the first five years.

Affordable housing scheme: Help to Buy equity loans (100% ownership with a 40% equity loan)

Buy a new home on an approved new build development with assistance from the Government in the form of an equity loan. The equity loan is interest free for the first five years.

Affordable housing scheme: Discount Full Ownership (100% ownership at a discount)

Affordable Housing Scheme: London Help to Buy equity loan (100% ownership with up to 40% loan)

Borrow up to 40% of the purchase price from the Government with the London Help to Buy scheme. You would only need a 5% deposit and your mortgage would make up the rest.

London Living Rent is a type of affordable housing for middle-income Londoners. These homes offer lower rents, with the saving on the rent aimed to help you ave towards a deposit for your own home.