Eligibility Criteria
View our full eligibility criteria for a London Living Rent home at Rookery GroveEligibility Criteria
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
- 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 studio is £30,820 based on a joint application and £37,080 based on a single application.
- Minimum income requirements should be used as a guide and may vary depending on a household’s circumstances and financial commitments. For joint applications, this is defined as both applicants being 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 £75,000
- 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