What is affordable rent?
Affordable rents were introduced by the government to allow social housing providers, like L&Q, to charge up to 80% of the local market rent for the homes we let.
These rents may be higher than those we've charged in the past and the extra income we get will be used to help develop new homes for those in housing need.
How much does affordable rent cost?
The rent we charge will be no more than 80% of the market rent value, but may be lower depending on location. This means that homes will remain more affordable than renting privately.
Affordable rent homes will be available to applicants in housing need that have household incomes of up to £71,000 (if moving into one or two bed homes) or £85,000 (if moving into three bed or larger homes).
Some of the most frequently asked questions we receive about affordable rents are set out below: