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- You are normally eligible for shared ownership if: Your household earns less than £80,000 per year. You’re a first-time buyer or used to own a home but cannot afford to buy one now. You are able to obtain or mortgage or have the funds for your share.
www.connecthousing.org.uk/find-a-home/shared-ownership/shared-ownership-faqs/Shared ownership: frequently asked questions - Connect Housing
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What is a shared ownership home?
What is shared ownership in London?
All shared ownership homes (houses and flats) are leasehold properties. Other help to buy a home. You may be eligible for support to buy a home through other affordable home ownership schemes.
If you’re eligible, you can contact an organisation selling shared ownership homes in your area. They will: make sure you’re eligible. send you information about any homes for...
When you buy a shared ownership home, you must have: formally accepted an offer for the sale of your current home (called ‘sold subject to contract’ or ‘STC’) written confirmation of the...
It's best to do this once you've passed the shared ownership eligibility checks and reserved a property (reservation fees are typically between £250 and £500). However, you can get a mortgage agreement-in-principle before this if you're unsure whether a lender would accept you.
To be eligible for Shared Ownership you need to: be a first-time buyer, an existing shared ownership homeowner, or a former homeowner who can't afford to buy now. be over 18 years old. have an annual household income of less than £80,000 (£90,000 in London).
• you meet the Shared Ownership eligibility requirements, including the income requirement (currently an annual gross household income of £80,000 or less outside of London, or £90,000 or...
Am I eligible to buy through shared ownership? To qualify for the scheme, there are some general eligibility criteria you’ll be required to meet: You need to have a household income of less than £80,000 and less than £90,000 if you live in London
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