Affordable Housing - Do You Qualify?

For affordable housing in London and to take advantage of an affordable housing scheme

, it is crucial that you discuss the matter with your local council. Many of the affordable housing schemes will require you to register through the council in order to be referred back to them for appropriate housing.

If you miss this step then you may find that you will not qualify and will miss out on the great opportunities that are now available in the housing market, especially for those that have not previously been able to even contemplate owning their own home.

Depending on your individual situation there may be a number of affordable housing options made available to you through a housing scheme. Options such as purchasing a certain percentage of a property whilst renting the remaining percentage could be viable if you fall into one of the following categories:

1. Buying a property for the first time

2. Currently living with family members

3. Needing relocation for work

4. Currently living in temporary accommodation and homeless

5. Living in rented private accommodation

You may have a variety of apartments to choose from if you are eligible for affordable housing in London under this housing scheme. In most situations, preference will be given to those that are already council or housing association tenants, although is still a worthwhile option to apply for.

Another affordable housing scheme that may be of interest to you is the try and buy offers that are becoming more readily available across London. This is a fantastic affordable housing scheme offer that will allow you to rent and live in an apartment, often anywhere from 6 months to 5 years, where you are able to try before you buy. If the accommodation is suitable, you are happy where you are, and you can financially afford a deposit, then it is possible to purchase the property that you have been renting.

An added benefit of an affordable housing scheme such as this is that the rent you pay is often at a discounted rate as well. This will allow you time and possibly a little financial relief, as you try to save for your deposit. Home deposits are hard to save for at the best of times, however signing a 5 year lease in the beginning may just provide you with the time you need.

If you are not able to save the deposit before your lease expires, there may be no guarantee that you will be able to resign or purchase the property at a later date. If you think you are going to fall into this category then it would be wise to speak to the housing authorities before it is too late. Doing so will ensure you are able to state your case and an appropriate solution or agreement may be reached.

Conduct some research online for affordable housing in London. This is a great way to locate as much information as possible and to see which housing schemes you may qualify for.

by: Lawrence White

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