Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Priority will be given to applicants currently living and/or working in London Borough of Hackney or current social tenants in the London Borough of Hackney, however is open to all eligible applicants.

For two-bedroom homes, priority will be given to families with children subject to maximum occupancy per individual apartment.

For those looking to buy aShared Ownershiphome, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:

• You must be at least 18 years old.
• Outside of London your annual household income must be less than £80,000.
• In London, your annual household income must be less than £90,000.
• You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
• You should not be able to afford to buy a home suitable for your housing needs on the open market.
• You must show you are not in mortgage or rent arrears.
• You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
• Additionally, you will generally need between 5-10% of the equity share that you’re purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary. For more information, check out thecosts associated with buying a Shared Ownership home.

Equity Share Scheme
Lincolnsfield, Squires Park, Bushey, Hertfordshire.

Hertsmere Borough Council Eligibility Criteria and Priorities

First Joint Priority
a) Resident in Hertsmere and currently a tenant of a Registered Social Landlord no minimum
period of residency required.
b) Armed Forces personnel living in Hertsmere or had lived in Hertsmere immediately before being posted elsewhere.
Second Priority
Current resident in Hertsmere in rented or other accommodation considered settled by the Council and on the Council’s Housing Register

Third Priority
Current resident in Hertsmere in rented or other accommodation considered settled by the Council.

Fourth Priority
Continuously employed within the Borough of Hertsmere for a minimum period of 6 months. The main place of employment is situated within the borough.

Fifth Priority
Have a close relative that lives in the Borough and has done so continuously for the last 12 months. Close relative is defined as parent, son, daughter, brother or sister. (Note if the connection is either an applicant's son or daughter, the son/daughter must be over 18 years of age) – Evidence of a local connection gained through family will be required in the form of birth certificates.

All the above must be first time buyers, not own any other property within the United Kingdom or abroad and this purchase will be their only residence

All the above must earn less than, or a maximum of, £80,000 per annum per household.

All applications must be approved and authorised by Hertsmere Borough Council.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.

Shared Ownership Scheme

You may be eligible for this property if:

- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.