Owning an affordable Pocket home

Our Pocket homes are affordable, which means you have to meet certain requirements to be eligible for owning one

To buy a Pocket home, you need to:

Be local

You need to live or work in the borough of the development

Be a first time buyer

You can’t buy if you own another property

Earn a modest salary

More specifically, earn under the Mayor of London’s income threshold for affordable housing, currently set at £90,000.

Pocket homes are unique


They’re for Londoners

They’re only for local people who live or work near our homes.

They’re to live in

They’re not for buy to let investors, they’re for people who really need them.

They’re a permanent first step onto the housing ladder

Pocket homes, even when they’re sold on, will always be for local first time buyers on modest incomes.

This is why we...

Don’t allow subletting

Pocket homes are to live in, not to let out.

Manage an Annual Verification Process

To ensure Pocket homes are still lived in by the people they were intended for.

Help manage resales

When it comes to selling a Pocket home, we’re here to help make sure it goes to another eligible buyer.

Whether you are buying a one bedroom Pocket home or a Pocket Edition (open market) home, the process is the same. Have a look at our detailed Step by step guide to get on the property ladder with Pocket.

Keeping it easy

All managed through My Pocket

This all might feel a bit complicated but we’ve developed an easy to use dashboard that helps you every step of the way.

 

From booking your viewings to signing your offer letter, you can manage your purchase and ownership through your Pocket account.