Property Buying Guide
Selection criteria and eligibility
In terms of selction criteria and eligibility, the government has defined social tenants, those on the housing waiting list and public sector key workers as priorities, as well as other groups as priorities. From spring 2008 the scheme is also available to first time buyers whose household income are £60,000 or less - regardless of whether they are key workers.
Key workers include all clinical NHS staff except doctors and dentists, local authority employed clinical staff, teachers in schools and sixth form colleges, lecturers in further education, qualified nursery nurses in local education authority (LEA) nursery schools, police officers and community support officers, prison and probation officers, social workers, occupational therapists, educational psychologists, speech and language therapists, local authority planners, uniformed staff in fire and rescue services, members of the armed forces in London and the south of England and rehabilitation officers for the visually impaired.
Whether or not you pursue shared ownership or any avenue you will need to take mortgage advice to point you in the right direction.
To apply, contact your local HomeBuy agent.
More about shared ownership in our detailed guide:
What is New Build HomeBuy and how does it work? l Special features and how to apply l What is involved with shared ownership and who can apply? l How do I increase my share and how much do properties cost? l What rights and responsibilities do I have? l Are there restrictions on resale? l Can I buy with someone? And what about finance and legal issues? l Where do I start and what happens next? l What questions should I ask? l Will shared ownership really enable more first time buyers to buy a home? l Shared Ownership Mortgage basics l Benefits and pitfalls of shared ownership l Shared ownership schemes run by house-builders l The First Time Buyers Initiative/English Partnerships
To find out eligibility and if you meet the selection criteria for shared ownership, contact your local HomeBuy agent.
Useful links
www.direct.gov.uk
Most useful and most popular pages on this site:
Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership