• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• 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.

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 £12,000

You may be eligible for this property if:

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

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

You must be at least 18 years old.

You may be eligible for this property if:

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

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

You must be at least 18 years old.

You may be eligible for this property if:

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

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

You must be at least 18 years old.

ELIGIBILITY CRITERIA:

To be eligible for a home at The Junction, you'll need to:

• Have a combined household income under £80,000
• 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

If you don't meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

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 £12,000

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 £12,000

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 £12,000

The scheme allows first time buyers to purchase new build homes at 30% less than the market price. The houses are all built to the same specification as other homes in the same development, which are not on the scheme, and you have the same ownership rights as other home owners.
There are price caps in place, and the cost of the house after the discount must be £250,000 or less in England, of £420,000 in London.

Each local authority - in this case Birmingham City Council - will decide who is eligible. The criteria may differ depending on where you live.
As a rough guide:
• You must be a first-time buyer
• There will be restrictions on how much you can earn. Currently, for England this must not be more than £80,000 per annum, and for London it is £90,000.
• You must be able to pay a deposit of 5%
• You will need a mortgage, and this must be for at least 50% of the value
• Priority is often given to those who live locally and to key workers
• You must use the home as your only place of residence for as long as you own it

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.
• You pass the initial financial assessment with a financial advisor and complete the Homes England Calculator to show what share is available for you to purchase.
• A financial assessment is required for cash buyers or for those requiring a mortgage.

This plot has not been funded by Homes England. Therefore, no application will be given priority and applications will be considered on a first come, first serve basis.

For more information on how to apply please visithttps://www.severnhomes.co.uk/