If you cannot tick all the boxes - we advise you contact us first before you apply to the scheme.
| 1.
|
Access to £3,000 to cover the initial costs of buying a home.
|
 |
| 2.
|
To be in permanent employment - not temporary.
People on fixed term contracts may apply. |
|
| 3.
|
A minimum income to ensure you can obtain a mortgage to buy a property.
As a general rule this starts at around
£18,000 pa (single or joint), this
minimum figures can vary depending on where
you want to live. Exceptions are possible
where you have a large capital sum as a
down payment. Maximum household income (single
or joint) is £60,000. |
|
| 4.
|
Demonstrate you cannot afford to purchase a property that meets your
current housing needs, without our assistance. |
|
| 5.
|
Demonstrate you are not in mortgage or rent arrears, or have been
in breach of your tenancy agreement in the
last 12 months. |
|
| 6.
|
That you have not been declared bankrupt, you have or have had, County
Court Judgements (CCJs) or loan defaults
served against you in the last 2 years. |
|
| 7.
|
You are a British national citizen or have permanent leave to remain
in the UK. People from member states of
the EU may also apply if they are currently
living and working in the UK. |
|
| 8.
|
You must be 18 years of age or over and have a bank account.
|
|
| 9.
|
You must not have debts in excess of £15,000 (up to £20,000
for student loans). |
|
| 10.
|
You should not own a property that meets your current housing needs.
Exceptions may include relationship breakdowns. |
|
If you want to contact us to check your position before you apply please do so on 0845 6585 420 or email home2own@wmhousing.co.uk.
