Eligibility for a House Purchase Grant
If you are a Wandsworth Council tenant with more than two years tenancy, you may be eligible for a grant of up to £120,000 (subject to eligibility criteria) to vacate your council property and to use towards buying your own home on the open market within the UK or anywhere else in the world. The grant may also be used towards purchasing a share of a shared ownership property (part rent part buy) within the UK.
Alternatively, the grant can be used towards adapting a family members' home within the UK, for example, an annexe or a loft conversion, to accommodate you.
Who can apply
- More than one person can apply as long as no one has a current interest in another property
- A tenant of any age including someone who is retired so long as you are financially able to fund the property
- You can apply if you have bad credit history but you may have difficulty in obtaining a mortgage
- You do not have to be a first time buyer but you must not own another property
- If you wish to apply for the grant you must not be in rent arrears, any outstanding arrears must be paid off before you will be allowed to progress with the application
What property the grant can be used for
- A UK property of any size as long as there is no overcrowding
- A property abroad with one more bedroom than your household size requires
- Adapting a family member's home within the UK, for example, an annexe or a loft conversion, to accommodate you
The grant cannot be used for
- Purchase of your council property
- Land purchases, adaptations or property building outside the UK
- A caravan, lodge, boathouse or other non brick built property
- A derelict property
- Auction Sales