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Affordable housing and income limit

johny28 · 2006-10-02 15:52:50

Hi Folks, I have a question regarding affordable housing scheme; what if after the initial approval and during the process of waiting for the house the income of the applicant increases to more than the allowed income limit? Thanks in advance

02-10-2006 3:52pm

#1

johny28

Closed Accounts Posts: 90 ✭✭

Join Date: March 2006

Posts: 74

Hi Folks,

I have a question regarding affordable housing scheme; what if after the initial approval and during the process of waiting for the house the income of the applicant increases to more than the allowed income limit?

Thanks in advance

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Comments

#2 02-10-2006 7:47pm

the_batman

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Join Date: June 2006

Posts: 103

johny28 wrote:

Hi Folks,

I have a question regarding affordable housing scheme; what if after the initial approval and during the process of waiting for the house the income of the applicant increases to more than the allowed income limit?

Thanks in advance

To the best of my knowledge, it is based on you P60 form.

0
#3 03-10-2006 10:19am

jdivision

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Join Date: January 2006

Posts: 4209

It's based on previous years income so wage increases don't affect it.

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#4 10-10-2006 9:45pm

Jonnie_Onion

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Posts: 191

Its the previous tax year when you are offered a property. So if you're waiting longer than a year any wage increases might become relevant. Of course, the income limit should be raised every year as well.

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