As a guide you will need to have a household income of at least £68,333.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.

Important borough specific eligibility criteria

Tower Hamlets

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 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.

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 will need to be earning a guidance income of £54,235. 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

Southwark
All London applicants will be considered with priority given to Southwark residents

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

To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:

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? If you are not sure, you can speak to an independent mortgage advisor
Are your current mortgage or rent payments up to date?
Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
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? Or do you have the cash funds available to buy the share without a mortgage?

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.