ELIGIBILITY:

Priority will be given to applicants with a live/work connection to the Newham borough.
You must be at least 18 years old.
You cannot afford to buy a home suitable for your needs on the open market.
You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
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.

For further details on Shared Ownership please visitwww.latimerhomes.com/buying-with-latimer/shared-ownership

Please kindly note we do advise you check if you meet the eligibility criteria. There is a link below with more information.

https://www.sharetobuy.com/guides-and-faqs/shared-ownership-eligibility/

As a guide you will need to have a household income of at least £47,969. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,500. Total approximate savings required £17,500.

Important borough specific eligibility criteria

Newham

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.

• Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
• 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.

You will need to be earning a guidance income of £65,353. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £21,250.Total approximate savings required £25,250.

Important borough specific eligibility criteria

NEWHAM

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

You will need to be earning a guidance income of £79,750. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,500.Total approximate savings required £23,500.

Important borough specific eligibility criteria

Newham

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

You will need to be earning a guidance income of £83,273.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £25,200.Total approximate savings required £29,200.

Important borough specific eligibility criteria

Newham

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

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.

As a guide you will need to have a household income of at least £43,310. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £10,200. Total approximate savings required £14,200.

Important borough specific eligibility criteria

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 and are deemed to be in need of housing by your local council.