Property Description INTERMEDIATE PROPERTY: This property is a 2 Bedroom Flat in walking distance to Canning Town & Royal Victoria Station with great links to Stratford Shopping City and the West End. The location ideal for commuters going into London and also travelling to outer London zone areas. Eligibility: 1. Minimum income criteria are that the annual rent does not exceed 30% of household gross annual income. (Minimum Household income of £44,400.00). Gross household income of no more than £90,000 per annum to be eligible to purchase or rent a one bedroom home. 2. Unable to purchase a suitable home to meet customer's housing needs on the open market within a reasonable travelling distance of their work place without assistance. 3. Does not already own a home or has sold current home before purchase or rent. 4. Must be a British or EU/EEA citizen or have indefinite leave to remain in the UK. Customers without indefinite leave to remain who are interested in buying a home, must be able to demonstrate that they are able to raise a mortgage with an acceptable lender and that they can afford to sustain home ownership in the longer term. This will normally require a detailed individual assessment. 5. Employed on a permanent contract of employment or able to demonstrate that customer can afford the costs of intermediate renting. 6. Customer must have a good credit history. 7. Deposit of £2348.07 is required plus 1 months rent of £2,035 Generally priority will go to the following groups, set in priority order: 1. Residents of Newham. 2. Employee within the borough of Newham. 3. Local priorities, people with a demonstrated housing need (overcrowding, poor housing conditions, split families, medical reasons, harassment etc). 4. Housing association and council tenants who would vacate a rented home. 5. Serving military personnel. 6. Applicants registered on a local authority or registered provider waiting list. Successful applicants will pass a full credit check You should be unable to purchase a home suitable for your needs without assistance. You cannot be a current home owner (or be named on the deeds of another property). You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).
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