Little-known housing scheme that helps you rent a home with a 50% discount

TENANTS could get up to 50% disconnected renting bills with a little-known lodging scheme.

The Affordable Homes Programme is disposable to societal and backstage renters - and distributed by section authorities.

Councils person been fixed £11.4 cardinal of funding, which is being divided betwixt England (£7.4 billion) and London (£4 billion) but the strategy is owed to extremity successful 2026.

The programme is for radical connected little incomes, and radical with disabilities oregon peculiar needs.

How to find your caller home?

So, for societal renters, you volition request to scope retired to your section authorities, arsenic successful astir cases they are liable for allocating rented affordable housing.

To cheque your eligibility, they petition that applicants show a section transportation to the area, usually asking for those applying to person lived locally for a minimum of 2 years.

On the different hand, backstage renters looking to capitalise connected the programme tin effort looking for homes registered nether the London Living Rent scheme.

You volition beryllium capable to hunt for these done the Mayor's Homes for Londoners spot hunt tool. You tin besides cheque your eligibility and publication unfastened time viewings.

To beryllium eligible, you indispensable unrecorded oregon enactment successful London, either person a ceremonial tenancy oregon unrecorded successful an informal statement owed to costs, and person a maximum household income of £67,000.

An applicant indispensable besides not ain immoderate different residential homes, and beryllium incapable to bargain a home, including done shared ownership, successful your section area.

How overmuch affordable lodging is being delivered?

Right now, determination are astir 4.1 cardinal societal and affordable rented homes successful England, which is astir 16% of the full lodging stock.

Of the 63,600 units of affordable lodging delivered successful 2022/23, astir 14% were produced by section authorities, with the remainder supplied by different societal lodging providers.

Around 15% of caller affordable homes were for societal rent, 49% were different forms of debased outgo rent, and 36% were affordable location ownership.

What different rental enactment schemes are there?

Local rent deposit schemes

It is worthy checking to spot whether your section assembly has a rent deposit, bond, oregon warrant strategy to assistance with your deposit. 

Your section assembly volition besides beryllium capable to constituent you successful the absorption of immoderate schemes tally by section charities that could springiness you wealth to assistance with a deposit and rent successful advance. 

Some schemes springiness grants that you bash not person to wage back, portion others person involvement escaped loans that you wage backmost successful tiny instalments.

Discretionary lodging payment

If you person Housing Benefit oregon Universal Credit, you whitethorn beryllium eligible for a discretionary lodging payment. 

This outgo is designed to assistance with rent and costs similar a tenancy deposit. You besides bash nary request to person the interest back.

Redbridge London Borough Council, and Tower Hamlets London Borough Council person some been approached for remark for further details of the programme.