Am I eligible?
The Part Buy/Part Rent option helps people,
usually first time buyers, who cannot afford to buy a property that
suits their household needs on the open market.
All first time buyers may apply. Tenants in council or housing
association homes will be given top priority.
We can also help people who have previously owned properties but
are now unable to buy without assistance, for example, relationship
breakdown or families who suffer over-crowding in their current
part-buy, part-rent homes. If you have a home already, you will
need to have sold it or removed your name from the deeds before you
can purchase one of our properties.
The annual minimum income is £18,000 but it can be less if you have
The maximum annual household income allowed is
£60,000. You also need access to (or savings) of £3,500 to cover
the initial costs of buying a home and you will probably need a
deposit if you are raising a mortgage.
In addition, you must not be in mortgage or
rent arrears (at time of application or in the past year); not have
CCJs; had a home repossessed or been declared bankrupt.
You must be able to obtain a mortgage from a
'high street' or other reputable lender and you will have to
demonstrate that you can afford the mortgage payments, rent and