The Gateway (LLR)
L&Q at Wheatstone House offers a collection of two-bedroom homes coming soon in January 2024 that will be available through L&Q's London Living Rent scheme.
London Living Rent
London Living Rent (LLR) is designed for people who are currently renting and want to get onto the property ladder but can't afford to do so yet - either through Shared Ownership or on the open market.
Eligibility Criteria:
- 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 home is £41,660 and £46,990 for a two bedroom home based on a single application
- The minimum income for a one bedroom home is £36,670 and £42,000 for a two bedroom home based on 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
- Have a history of bankruptcy, defaults which include late payments, county court judgments (CCJs) or Individual Voluntary Agreements (IVAs).
Register your interest today
Properties within this development
1
property
Showing
of 1
property