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.

At Oaklands Park you can buy a minimum 30% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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

• There is a local area connection requirement at this development. Purchasers MUST live and/or work within the local borough of Elmbridge and all applications will need to be approved by the council who will need to confirm your local area connection.
• Your annual household income does not exceed £80,000.
• 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

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.

At Oaklands Park you can buy a minimum 30% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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

• There is a local area connection requirement at this development. Purchasers MUST live and/or work within the local borough of Elmbridge and all applications will need to be approved by the council who will need to confirm your local area connection.
• Your annual household income does not exceed £80,000.
• 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

You will need to be earning a guidance income of £60,711. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000.Total approximate savings required £15,000.

Important borough specific eligibility criteria:

Tower Hamlets

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 £68,898. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £30,000. Total approximate savings required £34,000.

Important borough specific eligibility criteria

Barnet
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.

Housing Associations are required to sell shared ownership homes to buyers who are unable to afford to buy a home outright and meet the below criteria:

- Combined household income must be less than £80,000 per annum
- Must not own a property elsewhere (if current homeowner, the property must be sold by the time of completion)
- Must meet the affordability criteria

To be eligible you must be able to answer YES to the following questions:

Do you live and/or work in Hackney?

Are you at least 18 years of age?
Is your annual gross household income less than £90,000?
Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
Are you unable to afford to buy a home suitable for your housing needs on the open market?
Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit?

This property is being sold at a 50% initial share.

Potential buyers will be assessed for their eligibility by a specialist financial advisor for an affordability assessment. If they are successful in their assessment, and meet the affordable housing eligibility criteria required then you will be considered for the property.

You can register your interest for the property on this form:

https://docs.google.com/forms/d/e/1FAIpQLSfweZo3orD9CmqVIJWZUgq9jaHZSmBvqvjYgfhAB_97mrmVgg/viewform?usp=sf_link

We will be looking for a household income of approx £53,000. to meet the affordability of this property.

Service charges and reserve fund costs approx £2171 per annum. * (£180.90 PCM)

Rent based on sale share is £377.98 per month.

Assumed total monthly cost is £1426.00

Only those who meet the affordability requirements will be contacted.

All details contained in the above advert are subject to change.

Priority will be offered to MOD personnel.

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.