The homes will be offered on tenancies of a minimum of three years.

Your actual rent will vary depending on the size of the home you rent, and which borough you will be renting in. Your rent is based on a third of average local household incomes and adjusted for the number of bedrooms in each home, but your rent will be capped at no more than 80% of a market rent figure for that home in that area of London. 

To be eligible for a London Living Rent home, you must: 1) Be currently renting in London 2) Have a maximum household income of £60,000 3) Be unable to currently buy a home (including through Shared Ownership) in your local area.

If you are unable to, or choose not to buy the home you have been renting with London Living Rent after 10 years, your landlord may sell the home to another potential buyer via the Shared Ownership scheme.