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 £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.

If all these statements apply to you then you are eligible for shared ownership:

• You are at least 18 years old.
• Outside of London your annual household income is less than £80,000.
• In London, your annual household income is less than £90,000.
• You don't already own another home, or if you do then you're in the process of selling it.
• You can't afford to buy a home suitable for your housing needs on the open market.
• You are not in mortgage or rent arrears.
• You can demonstrate that you have a good credit history (no bad debts or County Court Judgements).
• You can afford the regular payments and costs involved in buying a home. The total monthly costs must be less than 45% of your monthly income.

If all these statements apply to you then you are eligible for shared ownership:

• You are at least 18 years old.
• Outside of London your annual household income is less than £80,000.
• In London, your annual household income is less than £90,000.
• You don't already own another home, or if you do then you're in the process of selling it.
• You can't afford to buy a home suitable for your housing needs on the open market.
• You are not in mortgage or rent arrears.
• You can demonstrate that you have a good credit history (no bad debts or County Court Judgements).
• You can afford the regular payments and costs involved in buying a home. The total monthly costs must be less than 45% of your monthly income.

If all these statements apply to you then you are eligible for shared ownership:

• You are at least 18 years old.
• Outside of London your annual household income is less than £80,000.
• In London, your annual household income is less than £90,000.
• You don't already own another home, or if you do then you're in the process of selling it.
• You can't afford to buy a home suitable for your housing needs on the open market.
• You are not in mortgage or rent arrears.
• You can demonstrate that you have a good credit history (no bad debts or County Court Judgements).
• You can afford the regular payments and costs involved in buying a home. The total monthly costs must be less than 45% of your monthly income.

If all these statements apply to you then you are eligible for shared ownership:

• You are at least 18 years old.
• Outside of London your annual household income is less than £80,000.
• In London, your annual household income is less than £90,000.
• You don't already own another home, or if you do then you're in the process of selling it.
• You can't afford to buy a home suitable for your housing needs on the open market.
• You are not in mortgage or rent arrears.
• You can demonstrate that you have a good credit history (no bad debts or County Court Judgements).
• You can afford the regular payments and costs involved in buying a home. The total monthly costs must be less than 45% of your monthly income.

If all these statements apply to you then you are eligible for shared ownership:

• You are at least 18 years old.
• Outside of London your annual household income is less than £80,000.
• In London, your annual household income is less than £90,000.
• You don't already own another home, or if you do then you're in the process of selling it.
• You can't afford to buy a home suitable for your housing needs on the open market.
• You are not in mortgage or rent arrears.
• You can demonstrate that you have a good credit history (no bad debts or County Court Judgements).
• You can afford the regular payments and costs involved in buying a home. The total monthly costs must be less than 45% of your monthly income.

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.
• Priority will be given to applicants living and/or working in the borough of Wandsworth however applications from outside the borough will be accepted.

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 must have a local connection to Wandsworth Council via working or living in the borough.

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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £430,000 and a purchaser would not need to meet the eligibility criteria listed above.