Find your new home with London Living Rent
If you’re renting in London and would eventually like to buy a home there, London Living Rent could be the perfect opportunity for you. This government-funded scheme is designed to help aspiring homebuyers get on the property ladder. Learn more about the product, including the best areas with rentals available
What is the London Living Rent scheme?
London Living Rent homes are offered to middle-income renters in London who want to eventually buy a home through Shared Ownership or outright sale. The properties are available on leases of at least three years, with rent below market rates, and can be extended for up to 10 years. Landlords are expected to support tenants in becoming homeowners within a decade
The Mayor sets rent annually, publishing benchmark London Living Rent levels based on local incomes and home size. The amount you’ll pay therefore depends on where you live, with prices based on a third of the average local household income. Prices are also adjusted for the number of bedrooms in each home, with family-sized homes capped to keep them affordable.
Who is eligible for the London Living Rent scheme?
Available to middle-income households with an income of less than £67,000, this scheme is for those who currently rent and want to save up a deposit to buy a home. Discover more about the scheme and eligibility with our guide to London Living Rent.
The best neighbourhoods to find London Living Rent scheme properties
Barking, East London
A new destination in the London Borough of Barking and Dagenham, Barking Riverside by L&Q is an award-winning development comprising thousands of new homes, infrastructure and amenities, putting this East London neighbourhood on the map as a sought-after location. The development features one, two and three bedroom London Living Rent homes, making it well-suited to solo occupiers, couples and families alike. Situated near Barking Riverside Overground station, it’s ideally located for commuting into the City of London, which can be reached in 22 minutes.
In addition to London Living Rent homes, Barking Riverside features new amenities for the community. Current and future facilities include new waterfront walking and cycling paths, multiple schools, The Wilds event space, and a wellbeing hub with a GP surgery, gym and indoor water park.
Barnet, North London
Coming soon to Barnet, Premier Place by Imagine Living offers London Living Rent homes in the heart of Edgware. It’s located on Station Road near Edgware Underground station on the Northern line, which provides excellent transport links to key locations in North, Central and South West London. The road is also home to several restaurants, a gym and The Broadwalk Shopping Centre, ensuring you’ll have everything you need on your doorstep.
The development consists of one, two and three bedroom apartments available under the London Living Rent scheme. Each flat is designed with a high specification to suit modern living, making it the ideal place for those seeking a beautiful home in a well-connected area.
Croydon, South London
If you’re searching for a London Living Rent home in South London, look to L&Q at Queen’s Quarter. This stylish development in Croydon features one, two and three bedroom apartments under the scheme. There’s plenty of outdoor space to enjoy here – the development overlooks the newly refurbished Queen’s Gardens public park and has a rooftop garden for residents. Plus, each home comes with private outside space.
Croydon’s best bits are all a short stroll away, including Central and Whitgift Shopping Centre and BOXPARK Croydon, offering a wide selection of stores, restaurants and leisure facilities. The neighbourhood also benefits from convenient London transport links, from trams and buses providing local connections to trains that will take you to destinations like Victoria and London Bridge in approximately 15 minutes.
Hillingdon, West London
You can also find London Living Rent homes in Hayes, a vibrant town in the London Borough of Hillingdon. L&Q at Hayes Village offers one bedroom apartments to rent through the scheme, making it ideal for individuals seeking their own place. Each home features a contemporary design, integrated appliances and private outdoor space.
Prioritising your well-being is easy, as there’s an onsite gym for residents and lots of open green spaces within easy reach. This new development is also well-positioned for easy access to Heathrow Airport and Central London thanks to the Elizabeth line providing regular services from Hayes & Harlington station, which is a short walk away.
At Share to Buy, we make your choice easier with a selection of new-build homes across England, available through alternative homeownership schemes such as London Living Rent and Shared Ownership. Get your home-buying journey underway using our property portal.
