You will need to be earning a guidance income of £85,722. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,825. Total approximate savings required £24,825.

Important borough specific eligibility criteria

Lambeth

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.

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

• Not own another property in the UK or any other country.
• Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
• Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
• Be in full time permanent employment.
• Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
• Have a good credit history.

As a guide you will need to have a household income of at least £77,299. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £25,000. Total approximate savings required £29,000

Important borough specific eligibility criteria

Southwark

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 ££68,438.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,000.Total approximate savings required £23,000.

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.

You will need to be earning a guidance income of £58,145. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,500. Total approximate savings required £15,500.

Important borough specific eligibility criteria

Southwark

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.

You will need to be earning a guidance income of £53,420.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,125. Total approximate savings required £15,125.

Important borough specific eligibility criteria

London Borough of Hackney

All London applicants will be considered –with preference given to those who are either living or working 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 £55,868. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,175. Total approximate savings required £18,175.

Important borough specific eligibility criteria

Hackney
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.