Before completing the application form, please see if you meet the following criteria. You must:
be aged 18 years old or over
hmeet the current residency criteria
be unable to purchase a property in the private sector equal to the applicant/s current need
the AHA will only allocate a property matched in size to the applicant's needs, at that time, plus the option of one additonal bedroom
the applicant has no outstanding rent or repair arrears from a current or previous tenancy and/or has not broken any tenacy conditions
provided all updated information when requested and advised the AHA of any changes in circumstances that could affect the application
outside of the criteria on the form below, the AHA can use its discretion to accept other applicants onto the waiting list where individual exceptional circumstances may merit it. Applications will be accepted only at the discretion of the AHA Manager, Chief Executive or the AHA's Board.
Please read the Partial Ownership Policy which contains more information.
How much money do I need to prove that I can afford a partial ownership property?
Applicants must be able to finance at least the minimum percentage of a partial ownership property. Typically 1/10th th value of the property.
Example minimum annual income requirements are:
Property required
Minimum income required
2 bedroom flat
£18,500 per annum*
(based on purchasing a 2 bedroom partial ownership flat valued at £185,000)
3 bedroom house
£25,000 per annum*
(based on purchasing a 3 bedroom partial ownership house valued at £250,000)
*Please note these above limits only apply to applications.
What is the maximum income I can earn in order to apply for a partial ownership property?
Applicants must have a sole or joint income based on weekly net income threshold for Social Housing + 20% + Tax 20% + Insurance at 6.6%
Please see the Eligibility Policy or ask AHA for further information.
Waiting Time
The waiting time to be offered a partial ownership property is dependant on availability and demand for Partial Ownership properties. Whilst applicants are waiting it gives them an opportunity to save up and pay off any debts which will improve the chances of securing a Bank mortgage on good terms.
