Finding A Home /
Financial Eligibility Criteria
Financial Eligibility Criteria
In order to be considered for general needs accommodation your income and assets must be below a certain level.
To do this we look at the affordability of mortgages locally.
Currently the average house price for comparable general needs accommodation is £110,000.
So for example if your households main income earner earns £20,000 per year, and the household earns a second income of £15,000 and you have £5,000 of savings or assets you would qualify for housing with Yorkshire Coast Homes because you couldn’t get a mortgage for an average property:
£20,000 x 3 = £60,000
£15,000 x 1 = £15,000
Savings / assets = £5,000
£80,000
