Everyone who buys in to Glenkerry Co-operative Housing Association (GCHA), which is a registered provider of social housing at intermediate level, must meet a set of headline eligibility criteria, but before reading further please note the following:
- In addition to the eligibility notes below you must be prepared to actively participate in the running of the Association. This will mean from 6 hours per month up to 6-8 hours per week whilst you are serving on the committee.
- GCHA uses the Shelter organisation's definition of “number of rooms” occupancy
- Every application by multiple non-family members (2 or more people unrelated and not in a relationship) is only accepted on a “joint and several” basis – where each person is equally and jointly responsible any arrears or defaults that occur.
You are if...
- You have a minimum gross household income of between £23,000 and £25,000* per annum for a one-bedroom property depending on the amount of deposit you have available. If you apply for a 2-bedroom or larger property you will need a higher level of salary again depending on the amount of deposit you have. You must not exceed the maximum stipulated by the Mayor of London and GLA
- and you have adequate savings to cover the deposit and expenses, e.g. solicitor's fees
- and you are unable to purchase a suitable home to meet your housing needs on the open market
- and you do not already own a home or you will have sold your current home before you purchase
- and you are and can give positive examples of how you are committed to living within and being prepared to be an active member of living a co-operative life-style and ethos
- and you intend and maintain this to be your only home.
* In certain circumstances the minimum may be lowered by the Association.
In general terms, different flats have different criteria for eligibility of occupancy. In order to decide which size of flat is appropriate for your circumstances, we must take into account the number of occupants, the relationship between you, as well as your total income.
- 1 or 21 persons (in relationship) = 1 bedroom flat
- 21 2 or 31 2 persons = 2 bedroom flat
- 31 2 to 51 2 persons = 3 bedroom flat
- 41 2 or more1 2 persons = 4 bedroom maisonette
1 Two people in a relationship count as occupying one bedroom at all stages.
2 It is a condition of the original lease that all non-family/relationship applications by those persons over 18 years of age can only be made on a 'joint and several basis'.
If you feel that you are eligible, then please click here to learn more about buying a home at Glenkerry House.