You must not be able to afford the property outright.
You need to have access to some savings and be able to secure a mortgage for the share you wish to purchase. (We recommend seeing an independent financial advisor)
Eligible applicants include:
All First Time Buyers
A tenant or home owner living in a proposed
clearance area
Those on a housing waiting list or register
of the Local Authority
Tenants of a Registered Social Landlord who
vacate their property upon completion
Those living in rented accommdation, hostel,
B&B or with family and friends.
The elderly who require accommodation suitable
for their needs but cannot afford to buy an
alternative property without assistance.
A joint owner needing to move due to a relationship
breakdown
A home owner needing to move after being widowed
A home owner needing to move due to social or
medical reasons or overcrowding
A home owner needing to move because they cannot
meet their current housing costs.
A shared ownership leaseholder requiring larger
accommodation
HomesHub will carry out a affordability check
based on the information you give us on the
application form. This takes into account your
earnings and your debts.