Am I eligible to apply?

Eligibility Criteria

• Age - you must be over 18 years of age.

• Financial - Annual gross household income between £16,000 to £45,000. We only consider tax credit, we do not consider other benefits as income (See below for rent to own and shared ownership scheme income). During assessment we will consider overtime, if overtime is regular we may refuse your application if the gross income & regular overtime exceed £45K or £60K for rent to own.

• Employment - applicants must be in employment (part-time or full-time but must have an income of £16,000 - £45,000 gross per year) or if purchasing applicant must have savings and can't buy on the open market without help. (You will have to prove that you have income towards running the property and we will assess per application).

• Affordable - you can't afford to rent on the open market and / or buy a property that suits your needs.

• Accommodation - to be either a first time buyer or if the current home is unsuitable and does not meet your family's needs e.g.
  • due to family size - (evidence of overcrowding)
  • affordability - (current rent is unaffordable)
  • specific needs - (reviewed on a case by case)
  • in need due to relationship breakdown. (Evidence of sale & equity from sale of property is required)

• Local Connection - you will be required to have a local connection with the area e.g. live, work or with close family connections:- Parents, Grandparents, Brother & Sister or Adult Children.

• Indefinite Leave - Evidence will be required to show that you have indefinite leave.

• Exemption - Service Personnel - we do consider applications for the register if the service personnel have recently left the service and the income is 'zero' - but there is a need to have a local connection as specified above and in time must meet the income threshold via income through employment or private pension before applying for a property.

Please Note:-

• Rent to Own & Shared Ownership Scheme - We can consider applications with an annual gross household income between £45,000 to £60,000 for the Rent to Buy scheme & Shared Ownership only, we do not take in to account any working tax or child tax credit for these schemes. During assessment we will consider overtime if overtime is regular we may refuse your application if the gross income & regular overtime exceed £45K or £60K for rent to own.

• Self-Employed - If you are self employed the annual income that should be entered on your application as gross profit is the profit figure on your tax return (pages 13 or 14) not the turnover figure (as this is the amount of money taken by a business in a particular period and not counted as income.

• See Tai Teg process tab for more information on how the scheme works.