Cookies and this website

This website uses Cookies - see our privacy policy for more information

Skip to content

What can you afford

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.

  • Weekly rent - £225.
  • £225 x 52 weeks = (Yearly rent) £11,700.
  • £11,700 divided by 40 (the maximum percentage) and then  x 100 = £29,250.00

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.