Affordable Housing for Teachers in London
Affordable housing for teachers in London
Extract from the Greater London Authority's Teach London Portal:
Mayor Sadiq Khan wants to support teachers by making it easier and more affordable to teach and live in London.
We know that high housing costs can make it tough even for those with above-average incomes to live here, particularly long term.
That’s why the Mayor is investing £3.15bn over the next decade to build 90,000 new affordable homes for Londoners.
Of these, two-thirds will be for middle income Londoners, like teachers, who cannot afford a home on the open market. These homes will include a mixture of:
- London Shared Ownership - Londoners buy a share of a home from a housing association or local authority and pay low rent on the remaining unsold share. This option is for households with incomes of no more than £90k a year. Find out more.
- London Living Rent – Rents are set at around a third of average local incomes for up to ten years to help tenants save for a deposit - potentially for London Shared Ownership. London Living Rent homes are available to households with incomes of no more than £60k a year. Local authorities and housing associations providing London Living Rent homes will set up their own application processes. Find homes funded by the Mayor.
Information on average rental levels across London boroughs is included in our London Teacher Training map.