Priority will be given to applicants currently living and/or working in London Borough of Hillingdon or current social tenants in the London Borough of Hillingdon.
For three bedroom homes, priority will be given to families with children subject to maximum occupancy per individual apartments.
You may be eligible for London Living Rent property if:
You currently work or live in London.
Priority will be given to applicants who live and/or work in the development host Borough.
Your maximum household income is £67,000, and you don't have enough savings to purchase a home (including through shared ownership) in the local area on the open market.
An Independent Financial Advisor may assess application to make sure you meet general mortgage criteria but you are currently unable to afford to buy a home.
Your gross salary will exceed the minimum income requirement for the development.
You earn enough to save for a deposit. We need to be sure that applicants have the potential to save for a deposit over the tenancy period. So we’ve set minimum household incomes that applicants need to be earning to apply for the scheme. The minimum household income is based on the Market Rent in the local area.
At The Movia development the requirement is:
£55,628 for a 3-bedroom apartment as minimum household income
You can provide one months’ rent in advance and one months’ rent as a security deposit, as well as the rent pro rata for the month during which you start tenancy
You can demonstrate your ability to pay the rent and accumulate savings.
The Mortimer apartment must be your primary residence and you do not own property either in the UK or abroad.
You will have been employed on a permanent contract for at least 3 months.
You are employed on a permanent contract or a temporary contract with 6 months remaining the original contract being issued for at least 12 months.
You can supply 3 months payslips or, if self employed, you will be able to provide a full set of accounts for the previous tax year or SA302 form plus 6 months bank statements.
You meet lenders general criteria to obtain mortgage funds.
You have no history of rent arrears from previous property within the last 12 months or have not breached the terms of a tenancy agreement.
You will not have any been subject to a County Court Judgement (CCJ) within the last 6 years or an Individual Voluntary Agreement (IVA).
Agent or an Independent Financial Advisor will assess your application to make sure you are currently unable to afford to buy a home.
You earn enough to save for a deposit. We need to be sure that applicants have the potential to save for a deposit over the tenancy period. So we have set minimum household incomes that applicants need to be earning to apply for the scheme. The minimum household income is based on the Market Rent in the local area. At Movia Apartments requirement is:
£55,628 for a 3 bedrooms apartment
