Helpful information about eligibility

Q: Can I apply for Shared Ownership if I can afford to buy a property on the open market?

A: If you have sufficient capital or income to buy on the open market, unfortunately you won't be eligible to apply for Shared Ownership.

Q: Can I apply for Shared Ownership if I am on a temporary contract or I am not in permanent employment?

A: If you aren't currently in permanent employment, unfortunately you won't be eligible to apply for Shared Ownership.

Q: Can I apply for Shared Ownership if I am self-employed?

A: If you are self-employed you can apply for Shared Ownership but you will need to supply a minimum of two years of your audited accounts, plus an estimate for the current year, or copies of your last three years' tax returns.

Q: Can I apply for Shared Ownership if I am in receipt of housing benefit?

A: If you are on housing benefit, unfortunately you won't be eligible to apply for Shared Ownership.

Q: Can I apply for a Shared Ownership home if I have a county court judgement (CCJ) registered against me?

A: If you have a CCJ registered against you, you will need to have paid this back in full to be eligible to apply for Shared Ownership.

Q: Can I apply if I have been made bankrupt in the last 6 years?

A: If you have been made bankrupt in the last 6 years, unfortunately you won't be eligible to apply for a Shared Ownership home.

Q: Can I apply for Shared Ownership if I am not a British, EU or EEA citizen?

A: If you aren't a British, EU or EEA citizen or you don't have 'indefinite leave to remain' in the UK stamped on your passport, unfortunately you won't be eligible to apply for Shared Ownership.

Q: Can I apply with a household income of more than £80,000 a year?

A: If you're household income is more than £80,000 a year, unfortunately you won't be eligible to apply for a Shared Ownership home.

Q: Can I apply for a Shared Ownership home if I have had a home repossessed in the past 5 years?

A: If you have had a home repossessed in the last 5 years, unfortunately you won't be eligible to apply for a Shared Ownership home.

Q: Can I apply if the current property I own is currently in negative equity?

A: If the property you own is currently in negative equity (you owe more money to a mortgage lender than your property is actually worth) unfortunately you won't be eligible to apply for a Shared Ownership home.

Q: Can I apply if I already own a home I can't or don't want to sell?

A: If you currently own a home you either cannot or will not sell, unfortunately you won't be eligible to apply for a Shared Ownership home.

Q: Who will be given priority when applying for a Shared Ownership home?

A: If there are a high number of eligible applicants for a property, priority will be given to council and housing association tenants, those people who are already living and working locally and on the council's housing waiting list, key workers (i.e. police, fire fighters, teachers, nurses, etc.), first time buyers and people currently living in an overcrowded property.

Q: How will I know if my income is sufficient to purchase a share in a Shared Ownership home?

A: We will complete an affordability check with you to ensure you have sufficient income to buy a Shared Ownership home.