Help to Rent Scheme: Everything You Need To Know

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If you're looking for a new home in London, make sure you know about the government's Help to Rent Scheme. Here's everything you need to know!

Help to Rent Scheme: Everything You Need To Know

A Help to Rent scheme is a new initiative from the UK government that aims to help people on low incomes afford their rent. It’s designed for those who are not eligible for existing housing schemes like social housing or Home Ownership Freindly Loans, but who still need support with their rent.

The scheme provides eligible households with financial assistance to help them pay their rent and related costs, such as water bills and council tax. The Help to Rent scheme is available nationwide and anyone can apply, including those in the private sector, up to a certain income limit. The maximum award is £1500 per year. Check out all the details below!

 

What is Help to Rent?

The Help to Rent scheme is a new initiative from the UK government that aims to help people on low incomes afford their rent. It’s designed for those who are not eligible for existing housing schemes like social housing or Home Ownership Freindly Loans, but who still need support with their rent.

 

Who can apply for the Scheme?

Anyone who is struggling to afford their rent, or at risk of becoming homeless can apply for the scheme.

The following groups are eligible:

-People on a low income who are not eligible for other housing schemes like social housing or Home Ownership Freindly Loans

-Those in the private sector with a low income

-Households with children (including those in the private sector)

-Households with someone living with one of the following conditions: long term mental health problems, drug and alcohol dependence, severe learning difficulties.

You do not need to be unemployed to qualify. But you must be ineligible for other housing benefits such as social housing or Home Ownership Freindly Loans. You may also be eligible if you are in work but earn less than £21,000 a year and have children.

 

How much money will I get?

The financial support is paid directly to the landlord on behalf of the tenant. This means that you don't need to make any changes to your benefits or tax credits. The amount you will receive depends on your household income and individual circumstances.

The maximum award is £1500 per year, but this will depend on your household income. You can also apply for a smaller award if that would suit your needs better. The average payment is £461 per year, which may not sound like a lot but it could be just what you need to help pay for rent and other costs!

 

When can I apply?

Applications for the Help to Rent scheme will open in April 2019 and will close on the 30th September. You’ll need to apply before that date if you want to be considered for financial assistance for your rent. The scheme will start from October 1st and runs until September 2020, with an option to extend it by a further year if demand is high.

 

What are the related costs that are covered by the Scheme?

The Help to Rent Scheme covers rent, as well as water rates and council tax. These are three of the major costs associated with renting. Anyone who’s renting and struggling with their monthly rent needs to consider the Help to Rent scheme.

 

Can people in the private sector apply for help with their rent or not?

People in the private sector can apply for help with their rent through the Help to Rent scheme. However, there are limitations on how much help you’re eligible for and the maximum award is £1500 per year.

The Help to Rent scheme is designed to help those who are not eligible for existing housing schemes like social housing or Home Ownership Freindly Loans. It provides assistance with paying your rent and related costs, such as water bills and council tax. Eligible households will be provided a lump sum of up to £1,500 per year in order to help them pay their rent. The maximum award is £1500 per year, which may seem small, but it can make an important difference.

The Help to Rent scheme is available nationwide and anyone can apply, including those in the private sector, up to a certain income limit (see below). The requirement of this scheme is that you need a low income that’s less than £30,000 or less than what you would earn working 16 hours on minimum wage ($15).

 

What happens if my circumstances change and I no longer qualify for help with my rent costs?

The Help to Rent scheme is designed for those who are on a low income, but who are not eligible for other housing schemes like social housing or Home Ownership Freindly Loans. This means that your circumstances could change, and you might no longer qualify for the scheme. For example, if your income rises above the limit for the scheme and you start earning more than £30,000 per year.

If this happens to you, then there are other options available. You may be able to claim Housing Benefit from the government which would help with your rent costs and related expenses like water bills and council tax. You can also apply to a private landlord for rental accommodation under their policies.

 

If you lose your job or take on a new job paying a lower salary

Every person has a situation in life that could throw them off course and end up costing them financially. If you lose your job or take on a new job paying a lower salary, you might need some help to get back on your feet. This is where the Help to Rent scheme comes into play.

This scheme provides eligible households with financial assistance to help them pay their rent and related costs such as water bills and council tax. You can apply for the Help to Rent scheme regardless of whether you rent privately or from a public housing organisation, as long as your household earns within an income limit.

The maximum award under this scheme is £1500 per year, so it’s important to check if this will be enough before applying. If you need more money than that, then you may want to consider other options like Home Ownership Freindly Loans or Social Housing.

 

If you start work and then stop again within 3 months of starting work

If you start work and then stop again within 3 months of starting work, you may still be eligible to receive help from the Help to Rent scheme. The government will assess your situation and determine whether you are in need of financial assistance or not.

The maximum award is £1500 per year. This means for every three months that you don’t qualify for the scheme, there is a possibility that you may be entitled to a maximum of £500, so long as it does not exceed £1500 in total.

The maximum award is based on your household income and whether or not your partner is in work

 

Conclusion

The Help to Rent Scheme is a new scheme which aims to help people who are renting and are on lower incomes, who are working or on a low income.

The scheme is designed to help you with your rent costs and also with your other housing costs so it is worth looking into if you think you will be eligible.

The Help to Rent Scheme is a new scheme which aims to help people who are renting and are on lower incomes, who are working or on a low income. To qualify for the Help to Rent Scheme you need to be earning £17,000 per year or less.

The scheme is designed to help you with your rent costs and also with your other housing costs so it is worth looking into if you think you will be eligible.