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What can you afford

In this scheme applicants cannot use more than 35 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.

  • Weekly rent - £205.
  • £205 x 52 weeks = (Yearly rent) £10,660.
  • £10,660 divided by 35 (the maximum percentage) and then  x 100 = £30,457.00

This means that you will need a minimum gross household income of £30,457.00

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.