Eligibility Guidelines

Am I eligible to buy a home from my4walls?

Priority must go to the following groups in the first instance, set in priority order.

• Existing social tenants;
• Serving military personnel; and then on equal priority ranking
• Local priorities as set by Local Authorities.

After these priority groups have been exhausted other first time buyers who fit all other criteria can apply and purchase through the HomeBuy initiatives.

For all government funded programs via HomeBuy £60K is the maximum household income threshold. Owner occupiers, including existing shared owners and key workers, are as standard not eligible for assistance through HCA funded products. If a potential purchaser who owns a property wishes to access LCHO they must demonstrate that they are in housing need and have Local Authority support or have sold their property prior to applying.

Further information is available via the Capital funding guide at point 1.4 following the below link http://cfg.homesandcommunities.co.uk/nbhb-overview.htm  

HomeBuy scheme guidelines:

Check these guidelines to see if you can buy a home through HomeBuy:

• you have at least £2,500 to cover the costs of buying a home
• you have a deposit for the property
• you have permanent employment
• you qualify for a mortgage
• you have proof that you cannot afford to purchase a property without financial help
• you can show that you are not in mortgage or rent arrears or in breach of your current tenancy agreement
• you are a British national citizen or have permanent leave to remain in the UK (people from member states of the EU/European Economic Area may also apply if they are currently living and working in the UK but a work permit is not proof)
• you are aged 18 or over and have a bank, Post Office or building society account.
• People who are currently home owners may only be considered if a relationship has broken down or their home has been lost through a house clearing project.
• If none of these schemes match your situation and you are looking for a home, contact Yorkshire Housing LTD, a registered social landlord with 15,000 properties across the region. www.yorkshirehousing.co.uk
• For more on HomeBuy go to www.homesandcommunities.co.uk

Only one scheme can be applied for on the online application form. Check the information on the relevant page to make sure that you apply for the right HomeBuy initiative.