London Living Rent - rent to buy scheme (1)

Meeting: 
MQT on 2016-12-14
Session date: 
December 14, 2016
Reference: 
2016/4593
Question By: 
Siân Berry
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Will renters who are unable to save up for a deposit within the three to ten year time limit specified by your Homes for Londoners prospectus be allowed to access another London Living Rent home or is only one chance given under your scheme?

Answer

Answer for London Living Rent - rent to buy scheme (1)

Answer for London Living Rent - rent to buy scheme (1)

Answered By: 
The Mayor

When funded through my programme, we expect providers to actively support London Living Rent tenants into home ownership within 10 years.  We have given providers flexibility to manage individual tenancies in the way they see fit.