In this scheme applicants cannot use more than 40 per cent of their households’ annual gross income toward the cost rent on a property .
To help you work out how much gross income you need to qualify to apply for a property on the scheme we have set out a useful example.
Example: Property type: Two bedroom apartment.
This means that you will need a minimum gross household income of £29,250.00
The actual rent level will depend on how many bedrooms are in the property, where it is located in the borough, whether it is a house or an apartment.