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.

To be eligible to apply for this property, you must:

• Be registered with Home Ownership Westminster*
• Have lived or worked in Westminster continuously for at least the last year
• Be a first time buyer or you will have sold any property you owned in the UK or abroad prior to completing on a property in Westminster
• Not exceed the maximum household income threshold of £90,000

*Applicants who are not currently registered can complete their registration using the link below:

https://www.homeownershipwestminster.co.uk/register

As a guide you will need to have a household income of at least £88,175. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,600.Total approximate savings required £26,600.

Important Borough Specific Eligibility Criteria

Lambeth

All applicants will be considered however, those living and working in the Lambeth 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 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 35% minimum share you will need a minimum joint household income of £74,424 and available savings of £10,500 for a 5% mortgage deposit.

The minimum single income - £52,000 per annum

The minimum joint household income - £45,800 per annum

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.

You will need to be earning a guidance income of £60,494. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,125Total approximate savings required £23,125

Important borough specific eligibility criteria

Lambeth

Priority will go to applicants with a connection to Lambeth

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.