As a guide you will need to have a household income of at least £72,369. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,750. Total approximate savings required £17,750.

Important Borough Specific Eligibility Criteria

Tower Hamlets

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 £60,417.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,750Total approximate savings required £ 23,750

Important borough specific eligibility criteria

Tower Hamlets

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.

* Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

* Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

* No cash buyers

* No pets

* Applicants must be able to afford their purchase and sustain their housing costs

* Applicants are primarily expected to be first-time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

* Applicants must be unable to purchase a property suitable to meet their needs on the open market

* Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.

You will need to be earning a guidance income of £86,946. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £32,900. Total approximate savings required £36,900.

Important borough specific eligibility criteria

Borough of Tower Hamlets
All London applicants will be considered. However, those living and working in the borough of Tower Hamlets will be given priority

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 will need to be earning a guidance income of £ 60,580 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000Total approximate savings required £15,000

Important borough specific eligibility criteria

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 will need to be earning a guidance income of £56,103. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,687.50. Total approximate savings required £14,687.50

Important borough specific eligibility criteria

Tower Hamlets

All London applicants will be considered. However, those living and working in the borough of Tower Hamlets will be given priority

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 will need to be earning a guidance income of £68,402. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,900. Total approximate savings required £22,900.

Important borough specific eligibility criteria

Borough of Tower Hamlets
All London applicants will be considered. However, those living and working in the borough of Tower Hamlets will be given priority

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 will need to be earning a guidance income of £58,782. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,800. Total approximate savings required £19,800.

Important borough specific eligibility criteria

Borough of Tower Hamlets
All London applicants will be considered. However, those living and working in the borough of Tower Hamlets will be given priority

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.

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• 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.

*Service charges are estimated and may subject to change.

** This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.