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London Living Rent Scheme: What Is It & Are You Eligible?


Wondering if you’re eligible for the London Living Rent scheme?

Many people in the UK are worrying about paying their bills at the moment, thanks to the cost of living crisis – and if you’re living in London, there may be a way to get help with your rent and work towards buying your own home.

There are options available to help those that are struggling to rent (and buy) in London currently – including the London Living Rent scheme, which is available to middle-income Londoners. Here’s what we know…

What is London Living Rent?

According to the Mayor of London website, London Living Rent is “a type of intermediate affordable housing for middle-income Londoners who want to build up savings to buy a home.”

In response to the housing crisis, the system offers “high-quality homes” with “stable tenancies” with rent based on a third of local household incomes. In offering a below-market rent, the idea is that renters can use the money they save to work towards buying their own home.

The mayoral website states that the average monthly rent for a 2-bedroom London Living Rent home is around £1,077 a month, almost three-quarters of the median market rent. It adds that the rent for a 3-bedroom home will be set at no more than 10% above the 2-bedroom rent, to ensure affordability.

Am I eligible for London Living Rent?

To qualify for a London Living Rent home, you need to:

  • live or work in London;
  • either 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;
  • have a maximum household income of £60,000;
  • not own any other residential home; and
  • be unable to currently buy a home (including through shared ownership) in your local area.

How do I find a London Living Rent home?

Available homes are advertised on the Mayor’s Homes for Londoners property search tool.

What if I’m not eligible for London Living Rent?

If you find you’re not suited to London Living Rent for any reason, you may be able to seek other support. Head to london.gov.uk to find out more.



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