To be eligible for a London Living Rent home at Excalibur:
You must:
- 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
- The minimum income for a one bedroom apartment is £32,030 and £38,290 for a two bedroom apartment based on a single application
- The minimum income for a one bedroom apartment is £36,980 and £28,460 for a two bedroom apartment based on a joint application*
- Please note these rental figures represent the new values provided by the Greater London Authority (GLA) for 2025-2026. They will apply to any move ins that take place on or after 14th April 2025.
- Minimum income requirements should be used as a guide and can vary depending on a household’s circumstances and financial commitments. On joint applications, please note both applicants must be in employment
- 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:
- 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)
- Have exceeded your agreed overdraft amount or gone into overdraft without having an agreed overdraft in place