To qualify for shared ownership, your household income must be less than £80,000 per year, and lower than £90,000 in London. And you must not be able to afford a full deposit and mortgage payments on the property of your choice.
In addition, one of the following must also be true:
• You’re a first-time buyer.
• You’ve previously owned a home but can no longer afford to buy one.
• You’ve split up with your partner and want to create a new household.
• You’re already a shared owner but want to move to a new property.
• You’re a homeowner who wants to move but can’t afford a property that suits you.