The LLR scheme is for people who cannot afford to buy a property through Shared Ownership or on the open market. The aim is to have the capacity to a share of the property at any time within ten years.

An initial 3 years Assured Shorthold Tenancy (AST) will be given with an option to renew at the end of the term, subject to eligibility. The maximum rental term of 10 years applies.

LLR rents are based on one-third of average local household incomes, as defined by the GLA.

Yes, each April at no more than CPI. It can change in the future, subject to the rates published by the GLA in December.

You will be unable to renew your tenancy and the property will be returned to L&Q.

When you’re ready to purchase your LLR home, we have a friendly Homeownership team on hand who can help guide you along the next steps. We also have trusted Specialist Mortgage Advisers who can assist in your buying journey, if required.

Savings are defined as funds across all household accounts aged 18 and over. This includes banking accounts, savings accounts, bonds, ISAs and investments.

Your security deposit will be registered and protected by the Tenancy Deposit Scheme (TDS).

You will be contacted by your Property Manager and negotiations surrounding the release of your security deposit within 10 working days of your tenancy end date.

Most of our properties do not have gas. Where there is no gas at a development, heating and hot water will be supplied by a communal heating system. In these cases, your household will sign up to a fixed supplier who supplies the energy throughout your tenancy.

This varies by development. However, most of our developments do not have parking available and due to local restrictions, you will likely be unable to apply for a resident parking permit.

Pets may be permitted with prior written consent. There may be additional charges from our freeholders and third-party agencies.

Our assessments are carried out to ensure all tenants meet the London Living Rent eligibility criteria, which are:

Your annual household income must not exceed £75,000
You must live or work in London
You must be unable to buy a home, including through Shared Ownership
You must not own a residential property in the UK or overseas
You must meet the minimum income required for your preferred property
As part of the financial assessment, all household members aged 18 or above will be required to provide documentation to enable an assessment of eligibility and affordability.

Minimum income requirements should be used as a guide and can vary depending on a household’s individual circumstances. The minimum income is provided on the basis that alongside your monthly rent, you will have no other financial commitments apart from living expenses. Salary deductions or financial commitments; for example, credit cards or loans, will be factored into your affordability assessment and may impact the minimum income requirement for your household. This means that in some instances, although you may meet the minimum income, you are unable to proceed based on affordability. The target is for your monthly rent and financial commitments not to exceed 40%-45% of your monthly net income once all have been considered. The actual percentage will be dependent on the development you have applied for.

We use the Greater London Authority and Homes England guidance to set our affordability parameters.

As part of the financial assessment, you will be required to provide 3 months’ payslips to evidence your income. If you have changed employers within the last 3 months, your application may still be considered if you are able to supply two consecutive payslips from your previous employment and one full month’s payslip from your new employer.

Yes. We will assess your application using your new salary if you are able to supply at least one month’s full payslip at the increased amount.

• Employed Income – You must have 3 months’ consecutive pay slips from your previous or current employer
• Self-Employed Income – A minimum of 2 Years SA302’s and Tax overviews are required for sole traders and Limited Company Directors (the average net profit of the last 2 years will be used)
• Fixed Term Contractors – You must have a minimum of 3 months’ pay slips and a minimum of 12 months remaining on your current contract at the time of the tenancy start date
• Zero Hour Contract Workers – You must have a minimum of 6 months’ consecutive pay slips available
• Pension Income – Last 3 Month’s Pay slip/statement
• Universal Credit Statement or Award Letter evidencing Working Tax Credit
• Personal Independence Payment (PIP) – Latest Annual Statement required
• Court Ordered Child Maintenance – Copy of court order and evidence of payments received

London Living Rent is a government-funded scheme targeted at middle-income households working or living in London and looking to build up savings for a deposit to purchase a home. As part of the criteria set by the Greater London Authority (GLA) the maximum household is £75,000.

As part of your financial assessment, you will be required to provide evidence of all savings accounts held by your household. Your savings will be reviewed to demonstrate that you have a minimum of one month’s advanced rent and five weeks’ rent as a tenancy deposit.