We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Shared ownership max income limit
David2019_2
Posts: 1 Newbie
Hi,
I am planning to buy a property using shared ownership. I understand that the max household income is 90k in London.my question is, once i have bought and later my life situation changes and the house hold income is more than 90 k, what will happen? Will i be able to staircase ? e.g could be getting married and the house hold income is more than 90k
Please let me know
I am planning to buy a property using shared ownership. I understand that the max household income is 90k in London.my question is, once i have bought and later my life situation changes and the house hold income is more than 90 k, what will happen? Will i be able to staircase ? e.g could be getting married and the house hold income is more than 90k
Please let me know
0
Comments
-
Increases in your income are fine and you will be able to staircase.
The limits are in place to assess for the initial eligibility.0 -
yeah once you purchase the share needed (this is usually between 10-40% ) you can staircase whenever you want. Or if you don't it doesn't matter, one good place to start looking for shared ownership properties is Property Booking.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards