compensates the Owner for taking on all repairing liabilities. Rent to home Housing Government Rent to buy Homes are let to working households at an ownership Associations and intermediate rent to give them the other providers opportunity to save for a deposit to buy their first home. The homes will be offered at an intermediate rent for a minimum of 5 years. If after the initial 5 years of letting the landlord wishes to sell the property the existing tenants should have a right of first refusal. If at any point after the initial 5 years of letting the tenants submit a request to buy their home we would expect the landlord to agree to sell it If the tenants do not exercise the choice to purchase, the provider can retain the property as rented housing (at either affordable or market rate rent) or sell it on the open market. Now included in new SOAHP 2016-21 Rent to home Rent plus leases Institutional Rent plus Affordable rent (80% of open market or ownership homes leased to investors/pension LHA rate) on 5 year renewable tenancy up housing funds to 20 years. association Option to purchase with 10% value of open market price as gifted deposit Maximum income £80,000 LA can set eligibility criteria New build properties Local scheme contacts: Sarah Lewis Tunbridge Wells BC –
compensates the Owner for taking on all repairing liabilities. Rent to home ownership Housing Associations and other providers Government Rent to buy Homes are let to working households at an intermediate rent to give them the opportunity to save for a deposit to buy their first home. The homes will be offered at an intermediate rent for a minimum of 5 years. If after the initial 5 years of letting the landlord wishes to sell the property the existing tenants should have a right of first refusal. If at any point after the initial 5 years of letting the tenants submit a request to buy their home we would expect the landlord to agree to sell it If the tenants do not exercise the choice to purchase, the provider can retain the property as rented housing (at either affordable or market rate rent) or sell it on the open market. Now included in new SOAHP 2016-21 Rent to home ownership Rent plus leases homes leased to housing association Institutional investors/pension funds Rent plus Affordable rent (80% of open market or LHA rate) on 5 year renewable tenancy up to 20 years. Option to purchase with 10% value of open market price as gifted deposit Maximum income £80,000 LA can set eligibility criteria New build properties Local scheme contacts: Sarah Lewis – Tunbridge Wells BC
Housing-products-table-Oct-2018.docx