Who is it for?

• As long as you are over 18
• Your household income is less than £80,000
• And you don’t already own a home at the time of buying your shared ownership property
  … then Shared Ownership could be right for you

Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.

Who is it for?

• As long as you are over 18
• Your household income is less than £80,000
• And you don’t already own a home at the time of buying your shared ownership property
  … then Shared Ownership could be right for you

Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.

Who is it for?

• As long as you are over 18
• Your household income is less than £80,000
• And you don’t already own a home at the time of buying your shared ownership property
  … then Shared Ownership could be right for you

Some properties may be bound by local connection restrictions in order to make them affordable for local customers. We'll let you know if there are any restrictions in place when you are searching for a property.

You will need to be earning a guidance income of £37,241. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£9,250.Total approximate savings required £13,250.

Important borough specific eligibility criteria: Borough of Wandsworth

Wandsworth will only accept applicants who have registered with Wandsworth Home Ownership and have been granted a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number.

Applicants must be earning under£90,000to 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 £80,000 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.
• Eligibility conditions apply, please see more details here: https://yourvividhome.co.uk/what-is-shared-ownership
• Open to applicants from all locations, applicants who live/work in the Chichester District Council area getting may have priority (to be confirmed)

As a guide you will need to have a household income of at least £62,242. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,875. Total approximate savings required £18,875.

Important borough specific eligibility criteria

Wandsworth
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 £56,132. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,000 Total approximate savings required £22,000

Important borough specific eligibility criteria

Wandsworth

Wandsworth will only accept applicants who have registered with Wandsworth Home Ownership and have been granted a reference number. You will not be able to book a viewing for this resale property unless you can provide your Wandsworth reference number. This property will only be allocated to registered applicants for a minimum of eight weeks.

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.

Shared ownership

Shared ownership is when you buy a share in the property of between 25 and 75 percent of its market value and pay rent on the share that you do not own. The exact percentage is subject to the individual criteria of each new development or scheme.

Most people put down a small deposit on their share (minimum 5 - 15%, depending on your mortgage lender) and take out a mortgage on the rest. You can then 'staircase' your share in the property - building up to 100% in most cases..

Am I eligible?

Serving MOD, all first time buyers and social tenants will be given priority.
If your annual household income is more than £80,000 you will not be eligible.
You will also need £2,000 to cover the legal costs of buying a home, plus enough money saved for your deposit. You must not have loans exceeding £15,000 or be in mortgage/rent arrears. You must be able to obtain a mortgage and prove that you can pay your rent and service charges.

Remember you will also have to pay household bills including gas, electricity and water.

· You have a gross household income of no more than £90,000 per annum when eligible to purchase.

· 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 live or work in the property’s area

· To purchase this 25% minimum share you will need an average minimum joint household income of £56,401 and available savings of £10,375 for a 10% mortgage deposit.