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

Based on the estimated monthly outgoings we recommend a guidance household income of £78,340. Please use this figure for guidance only, as this can be a joint or sole household income. Purchasing a larger share or securing a larger deposit will reduce the monthly outgoings.

You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000. Total approximate savings required £26,000.

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 £52,417. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,500. Total approximate savings required£14,500.

Important borough specific eligibility criteria

Newham

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 £61,775. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,675. Total approximate savings required£22,675.

Important borough specific eligibility criteria

Newham

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 £80,500. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,250. Total approximate savings required£20,250.

Important borough specific eligibility criteria

Newham

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.

To be eligible for a home at East River Wharf, you'll need to:

• Have a combined household income under £90,000 per annum
• Not own a property, or part of a property, at the time of completing on your purchase
• 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.

To be eligible for a home at East River Wharf, you'll need to:

• Have a combined household income under £90,000 per annum
• Not own a property, or part of a property, at the time of completing on your purchase
• 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.

To be eligible for a home at East River Wharf, you'll need to:

• Have a combined household income under £90,000 per annum
• Not own a property, or part of a property, at the time of completing on your purchase
• 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.

To be eligible for a home at East River Wharf, you'll need to:

• Have a combined household income under £90,000 per annum
• Not own a property, or part of a property, at the time of completing on your purchase
• 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.

To be eligible for a home at East River Wharf, you'll need to:

• Have a combined household income under £90,000 per annum
• Not own a property, or part of a property, at the time of completing on your purchase
• 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.