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 50% minimum share you will need a minimum joint household income of £63,154 and available savings of £12,500 for a 5% mortgage deposit.

You will need to be earning a guidance income of £53,798. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,075. Total approximate savings required £19,075.

All London applicants will be considered, with priority given to Newham applicants. 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.

You will need to be earning a guidance income of £56,086. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,350.Total approximate savings required £18,350.

Important borough specific eligibility criteria - Newham

All London applicants will be considered, with priority given to Newham applicants.

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.

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.

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.

* 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 £66,679. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,700. Total approximate savings required £12,700.

All London applicants will be considered, with priority given to Newham applicants. 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.

You will need to be earning a guidance income of £24,607. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,500.Total approximate savings required £12,500.

Important borough specific eligibility criteria - Newham

All London applicants will be considered, with priority given to Newham applicants.

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.

You will need to be earning a guidance income of £49,256. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,300. Total approximate savings required £19,300

All London applicants will be considered, with priority given to Newham applicants. 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.

You will need to be earning a guidance income of £60,711. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000.Total approximate savings required £15,000.

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.

• Live or work in Southwark
• Salary Cap: Earning up to £60,000 ONLY

As a guide you will need to have a household income of at least £58,341. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000. Total approximate savings required £19,000.

Southwark Borough Eligibility Criteria

All London applicants will be considered with priority given to people who live/work in the borough.

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 £69,960. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,600. Total approximate savings required £23,600.

Southwark Borough Eligibility Criteria

All London applicants will be considered with priority given to people who live/work in the borough.

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.