ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• 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.

*Service charges are estimated and may subject to change.

** This home can also be purchased outright (100% of the value) which is £820,000 and a purchaser would not need to meet the eligibility criteria listed above.

Am I eligible?

Shared Ownership is a part-buy, part- rent scheme that makes getting on the property ladder more accessible. Buyers will need to meet certain eligibility criteria to be able to purchase these homes. For those in London, there are maximum caps on income which means that your household must earn less than £90,000. The requirements also outline that purchasers cannot own any other properties and need to be a minimum of 18 years old.

Am I eligible?

Shared Ownership is a part-buy, part- rent scheme that makes getting on the property ladder more accessible. Buyers will need to meet certain eligibility criteria to be able to purchase these homes. For those in London, there are maximum caps on income which means that your household must earn less than £90,000. The requirements also outline that purchasers cannot own any other properties and need to be a minimum of 18 years old.

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 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 may be eligible for this property if:

· 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.

· To purchase this 45% minimum share you will need a minimum joint household income of £57,770 - £63,051 and available savings of £9,000 for a 5% mortgage deposit.

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 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 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 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.

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Arc 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.

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Arc 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.

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Arc 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.

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Arc 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.
Priority will be given to people who live or work in the London Borough of Brent.

You will need to be earning a guidance income of £68,406 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £23,500 Total approximate savings required £27,500

Important borough specific eligibility criteria

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

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 £58,942 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15.050 Total approximate savings required £19,050

Important borough specific eligibility criteria

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

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.