As a guide you will need to have a household income of at least £48,836. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,200. Total approximate savings required £17,200.

Important borough specific eligibility criteria

Newham

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.

As a guide you will need to have a household income of at least £41,739. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,000. Total approximate savings required £16,000.

Important borough specific eligibility criteria

Brent

All London applicants will be considered, with priority given to Brent applicants.

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 £55,970. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx £15,597. Total approximate savings required £19,597.

Important borough specific eligibility criteria

Newham

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.

As a guide you will need to have a household income of at least £50,998. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £9,500. Total approximate savings required £13,500.

Important borough specific eligibility criteria

Brent

All London applicants will be considered, with priority given to Brent applicants.

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 £58,962. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx £11,375. Total approximate savings required £15,375.

Important borough specific eligibility criteria

Newham

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.

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 £440,000 and a purchaser would not need to meet the eligibility criteria listed above.