London Living Rent Announced

UK Property in news

London Living Rent Announced

Back in Mayoral elections we said we will to keep check on Mr Khan’s election promises to renters. London living rent was one of them-it is finally announced. Here are highlights –

1. Household typically earning between £35,000 and £45,000 would be able to a rent a two-bed London Living Rent flat for less than £1,000, compared to average private rents of £1,450.

2. He could not say how many homes would be available under the scheme.”it depends on how much land comes forward”

3. Mr Khan said he would provide more details about the scheme “in the coming months”

We will keep an eye on this and keep you updated.

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October 19, 2016 / by

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