Are You Eligble For Low Cost Home Ownership?
Find out if you are eligible for a MyChoice HomeBuy loan.
Andrews will be running a series of open days during September and October where
you will be able to meet us and find out more about the process.
You may be eligible for the scheme if you fulfil the following criteria:
- Earnings between £20,000 - £60,000 per annum gross (single or joint application).
- Cannot afford to buy a property that meets current needs without assistance through
MCHB - ie an applicant will not be considered if they already own a property that
is suitable for their needs.
- Savings or access to funds in the region of £3,500 - £5,000 (unless the purchase
price exceeds £250,000) to cover the costs associated with buying (eg surveys, legal
fees, stamp duty etc).
- Employed and/or able to demonstrate that you can sustain the cost of home ownership
taking into account savings/level of debt.
- No personal debts in excess of £15,000 (excluding loans from the Student Loans
Company).
- Aged 18 or over and have a bank account.
Or you are a
Visit
http://www.housingcorp.gov.uk/server/show/nav.2129 for more details.