Estate agents in IG11 0RU
1 agents found
L&Q, Barking Riverside
- Tel020 8264 1737
Home available with the London Living Rent Scheme. This is a RENT TO BUY scheme.
London Living Rent (LLR) is a Government backed scheme enables you to rent a home at a discounted rate compared to renting privately. This helps you to save additional money each month, which can go towards buying a home through Shared Ownership
Maximum income threshold £67,000 per household.
For more information visit lqhomes.com/renting-with-lq/london-living-rent/
Eligibility criteria applies. Please only apply if you meet all of the criteria.
Eligibility Criteria:
* Initial priority will be given to households living in the Barking & Dagenham Borough
Live or currently work in London.
* Be able to provide one month's rent in advance and five weeks' rent as a tenancy deposit.
* Have the right to rent - proven by possession of British/EU/EEA Citizenship or a valid UK residency visa.
* Meet the minimum income and affordability standards - this will depend on the price of the home you are interested in.
*The minimum income for a one bedroom apartment is £41,850 for a single application and £35,585 for a joint application.
*The minimum income for a two bedroom apartment is £47,195 for a single application and £40,935 for a joint application.
*The minimum income for a three bedroom apartment is £52,940 for a single application and £46,280 for a joint application.
* Minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments. The minimum income is based on a joint application and the minimum income for a single applications may be higher
* Have a formal tenancy (for example, in the private rented sector) or live in an informal arrangement with family or friends as a result of struggling with housing costs
* Shared Ownership eligibility criteria will apply on your London Living Rent home, L&Q cannot guarantee you will meet future affordability requirements should you wish to buy a shared ownership home
You must not:
* Be able to afford a similar home in the local area through Shared Ownership or on the open market
* Already own a property or be in the process of buying
* Have a household income that exceeds £67,000
* Have an adverse rental history, for example, rent arrears or damage to a property