Eligibility criteria for Shared Ownership
To be Eligible for Shared ownership, you must:
- Have a household income less than £80,000 and
- Be unable to purchase a suitable property on the open market.
And meet one of the following criteria:
- you’re a first-time buyer
- you used to own a home but cannot afford to buy one now
- you’re forming a new household - for example, after a relationship breakdown
- you’re an existing shared owner, and you want to move
- you own a home and want to move but cannot afford a new home that meets your needs
If you already own a home but intend to purchase a shared ownership home you must have already agreed a sale on your current property before you can be considered for a shared ownership property, and you must have completed the sale on or before the date you complete buying your shared ownership home.
