Share To Buy Eligibility

Before you go shouting from the rooftops about the benefits of Shared Ownership, you will need to find out if you are eligible. Shared Ownership eligibility is geared towards first-time buyers who need help the most, so if you own a handful of homes already – stop reading!

Am I eligible?

Looking to buy a Shared Ownership home and wondering if you are eligible? The general eligibility criteria for Shared Ownership are as follows: 

  • As with any house in the UK, you must be an adult - at least 18 years of age – to buy a Shared Ownership house. 
  • Outside of London you have to be earning a salary less than £80,000. 
  • In London, your annual household income must be less than £90,000. 
  • Shared Ownership homes are geared towards first-time buyers, so having a hidden home is not a great idea. 
  • If you do already own another property (either in the UK or abroad), you must be in the process of selling it.
  • If you can afford to buy a home on the open market, you can’t apply for Shared Ownership.
  • While Shared Ownership is aimed at home buyers who need extra help, you will have to show that you have a good credit history and can afford the regular payments and costs of a Shared Ownership home.