You will need to be earning a guidance income of £69,049 You will need access to savings of approx. £4,000 to cover the cost of buying the home and a minimum 10% deposit of £18,600. Total approximate savings required £22,600. Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

Please note that Service Charge covers heating/ hot and cold water costs.

Important borough specific eligibility criteria

Wandsworth will only accept applicants who have registered with Wandsworth Home Ownership and have been granted a reference number.

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.

• Have a combined household income under £80,000 per annum
• Not already 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
• Must have a living or working connection to the Borough of Reigate & Banstead
• Have a minimum of £5,000 to cover the costs of buying a home

• Have a combined household income under £80,000 per annum
• Not already 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
• Must have a living or working connection to the Borough of Reigate & Banstead
• Have a minimum of £5,000 to cover the costs of buying a home

To be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:

• You are at least 18 years old
• You cannot afford to buy a home that suits your household’s needs on the open market
• You have savings to cover a mortgage deposit and can obtain a mortgage
• You are 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. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.

Maximum incomes and further eligibility requirements may vary for each scheme. Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with an independent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.

To be eligible for Shared Ownership you will need to meet certain requirements set by Homes England and the Greater London Authority (GLA). You could be eligible for Shared Ownership if:

• You are at least 18 years old
• You cannot afford to buy a home that suits your household’s needs on the open market
• You have savings to cover a mortgage deposit and can obtain a mortgage
• You are 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. In some cases, due to criteria set by local authorities, you may be asked to show a connection to the local area where you’re looking to buy. For instance, you might currently live and/or work there.

Maximum incomes and further eligibility requirements may vary for each scheme. Speak to a member of our sales team if you have any doubts. Before you purchase a Shared Ownership home, we will put you in touch with an independent mortgage advisor who will assess whether the purchase is affordable for you and take you through all your options.

Eligibility

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 £29,967 and available savings of £5,775 for a 5% mortgage deposit.

You will need to be earning a guidance income of £37,241. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£9,250.Total approximate savings required £13,250.

Important borough specific eligibility criteria: Borough of 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.

Applicants must be earning under£90,000to 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.

Closing date for applications: 16th January 2023

Viewings are by appointment only. Please note Social Distancing measures need to be followed. Please contact our Resales e-mail address at resales@optivo.org.uk for the vendors contact details.

If you would like to apply for this Resale property after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed application form to resales@optivo.org.uk

Your application form must be signed and the third party consent box ticked as we must have your third party consent to be able to send your application form over to one of our financial advisers should you be selected for the property.

All completed application forms need to be returned to Optivo by the deadline date ASAP - on a first come first serve basis -you must have viewed the property.

Please note that the successful applicant will be required to pay a £250 non-refundable reservation fee once offered the property.

You may be eligible for this property if:

You have a gross household income of no more than £90,000 inner London/£80,000 outer London per annum when eligible to purchase - this will include all members of the household whether they have joined the application or not. An exception would be the income of children under 18 and any other household members whose residence in the home is unlikely to be permanent.

You are unable to purchase a suitable home to meet your housing needs on the open market.

Be a first time buyer, if you are indeed a current home owner we can consider your application if your property is under offer and is going through the legal conveyancing process, evidence of this will need to be provided.