Shared owners must purchase at least a 40 per cent share in the house and that portion will normally be funded by way of the required deposit of £1,000 and a mortgage loan from the local authority, but cash may be contributed if the applicant is in a position to do so. The actual maximum house price amount for which an applicant will be approved by local authorities, which are responsible for administering the scheme in their areas, would depend on the individual's circumstances and ability to meet the financial commitments involved. The income limit for eligibility for shared ownership has been increased, in the context of the Government's Action on House Prices, to £20,000 for a single income household with appropriate increase for two income households. This will increase significantly the maximum house price which eligible shared owners would be in a position to purchase.