Find a home with London Living Rent

To be eligible for London Living Rent, you must meet the relevant eligibility criteria:

• You must live or work in London. Please note that priority will generally be given to those who live or work in the borough where the property is located.
• You must have a formal tenancy, or live in an informal arrangement with family or friends as a result of struggling with housing costs.
• Your household income must not exceed £75,000.
• You must not already own another home.
• You must be unable to currently buy a home – including through Shared Ownership – in your local area.

London Living Rent is an intermediate housing scheme, designed to help budding buyers save money towards buying a home through the Shared Ownership scheme. During your tenancy, you will pay below-market value rent on a monthly basis, and will also be expected to save towards a deposit. The London borough you live in will be a contributing factor in determining the amount of rent you’ll pay.

The Mayor of London releases benchmark London Living Rent levels for every neighbourhood each year, calculated using one-third of average local household incomes and adjusted based on the number of bedrooms in the home. This means that homes in most boroughs will be offered at a significant discount when compared to market-level rent.

London’s leading providers of affordable homeownership schemes list their homes on Share to Buy, including those who offer London Living Rent. Start your search on our property portal to find London Living Rent homes available across the capital.