If you are looking to purchase a Shared Ownership home in London you must have a household income of no more than £80,000 per annum in order to apply. Outside of London this income figure drops to £80,0000 per annum.
In some circumstances applicants with a connection to the borough where the home is located may be given priority.
Many shared owners are first time buyers; others are people who have had to leave their existing owner-occupied home; age is not a criterion, but you must be able to afford the cost of the shared ownership rent and mortgage and any service charges.
If you do not meet the income criteria, our advice is to contact us notwithstanding, as there are various different scenarios which may render you able to purchase. For example, you may have a larger deposit saved up, in which case your minimum income can be lower.
Our sales consultants are specialised in this process and will happily guide you. They welcome any queries and will work with you towards a positive outcome where that is possible.