London Living Rent

You may be eligible if:

• Your household income is £60,000 a year or below
• You live or work in London
• You'e unable to buy a home, including shared ownership, in your local area
• You meet the minimum income cap, which can vary
• You do not have County Court judgements (CCJs) and have not been declared bankrupt

• Complete the enquiry form
• A member of the team will send you an application and further information about the development you have expressed interest in.

• Your application will be reviewed to confirm you meet the eligibility criteria for the development you have expressed interest in
• The team will let you know when your application has been accepted, subject to documents being received. You will be sent a budget planner to be completed as well as information about the documents required.
• Your documents are then reviewed alongside your application to confirm the information supplied on the application corresponds with the documents.
• A basic affordability check will be carried out to confirm you are able to pay rent and save sufficiently towards a deposit to buy a home.
• You'll be assessed by an independent financial advisor who will look at whether you're able to purchase a home and the steps you'll need to take.
• One of our housing officers will chat to you so you can agree how much you could save each month, based on the information you gave us. Together you'll agree how much you could save each month and this agreement is added to your tenancy agreement to be used in your annual review.
• When properties become available, they will be allocated based on priorities as agreed with the local authority and us.
• You’ll pay your deposit and first month’s rent, sign the tenancy agreement and move in to your new home.

This will depend on the property you choose, but it should be enough for you to save your deposit and fee during your three-year tenancy. You will agree this during the pre-tenancy meeting with your housing officer.

When you come to purchase the property, you need to arrange a valuation which will determine the current purchase price. There will be a minimum share that has to be purchased, which would also be confirmed upon purchase enquiry.

At the end of your tenancy, we would expect you to be in a position to purchase a home through shared ownership. We will keep in contact with you throughout your tenancy to discuss your options.

Ideally yes, but we have shared ownership availability all over London so if another home is more suitable there will be alternatives.