Shared Ownership

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/1088
Question By: 
Tom Copley
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

A constituent has contacted me about the First Steps website which talks about ''helping people on low and modest incomes in London'' and enabling "working Londoners to become homeowners". My constituent is a nurse who earns around £26,500 per annum, and found that many housing associations state a minimum salary of £30,000 to £50,000 is required. What hope of getting on the housing ladder does your Housing Strategy offer to a key worker such as this, and do you think someone earning £26,500 should be in a position to access this 'low cost' housing?

Answer

Answer for Shared Ownership

Answer for Shared Ownership

Answered By: 
The Mayor

The GLA does not set a minimum salary through First Steps. The homes delivered through my First Steps programme are aimed at Londoners on a range of incomes, with the average buyer having a household income of £33,460 with many Londoners on lower incomes having benefitted from the programme