Friday, 25 May 2012

ALMO Offers Tenants Up to £29,000 to Buy Open Market Homes

Barnet’s council tenants are being offered a helping hand to buy a home of their own in a campaign by north London social landlord Barnet Homes. Tenants who want to buy a home of their choice on the open market could receive a maximum cash grant from Barnet Homes of £29,000 towards their property purchase anywhere in the UK.  The campaign, which has £400,000 available to fund grants until April 2013, is designed to help increase the supply of homes to rent to families in housing need in the borough.  Applications for the cash incentive grants are being accepted now and are given on a first come first served basis. The grant does not have to be repaid.  Tenants could get:
• £18,000 for tenancies between two and five years with two or more bedrooms
• £26,000 for tenancies longer than five years with two bedrooms
• £29,000 for tenancies longer than five years with three bedrooms or more.  
Read more on the Barnet Homes website.

No comments: