What are housing options? Finding a place to call home is a fundamental need. Navigating housing options can feel like finding your way around a maze sometimes.
From local authority housing to various affordable renting and buying schemes, understanding the housing options landscape is crucial. In this guide, we’ll break down the different options available and provide practical advice for those in need of housing assistance.
Housing Options with a Local Authority
Local authority housing, also known as council housing, is provided by local councils to individuals and families in need of affordable accommodation. Eligibility for council housing is typically based on factors such as income, household size, and housing need. Applicants can apply directly to their local council’s housing department. They’ll be placed on a waiting list until suitable accommodation becomes available.
Social Rent
Social rent properties are owned and managed by local authorities or housing associations. They are rented out at below-market rates to those in need. These properties play a vital role in providing affordable housing to low-income households, offering stability and security in an increasingly expensive housing market.
Affordable Rent
Affordable rent schemes are designed to provide housing at a discounted rate compared to market rents. These properties are often owned and managed by housing associations or private landlords. They are typically 80% of market rent. Eligibility criteria and rental prices vary depending on the scheme and location.
Intermediate Rent
Intermediate rent schemes offer properties at a rent higher than social rent but lower than market rent. These schemes are aimed at individuals and families who may not qualify for social housing, but still struggle to afford market rents. Intermediate rent properties are typically managed by housing associations or private developers. They offer a more affordable alternative to traditional renting.
Rent to Buy
Rent to Buy schemes allow tenants to rent a property at a below-market rate with the option to purchase it after a set period. A portion of the rent paid during the tenancy is often put towards a deposit, making it easier for tenants to save for homeownership. These schemes provide a pathway to homeownership for those who may not be able to afford a mortgage outright.
Shared Ownership
Shared ownership schemes enable individuals to purchase a share of a property (usually between 10% and 75%) and pay rent on the remaining share owned by a housing association or private provider. Over time they will have the option to purchase additional shares in the property through a process known as “staircasing”. In some cases, depending on the property and housing provider, they can eventually leading to full homeownership. Shared ownership is an affordable option for first-time buyers, those looking to get back onto the property ladder as well as those looking to downsize.
Facing Homelessness?
If you find yourself facing homelessness or at risk of losing your home, there are steps you can take to access support and assistance:
- Contact your local council’s housing department as soon as possible to seek advice and assistance.
- Explore emergency accommodation options such as homeless shelters or temporary housing provided by the council.
- Seek assistance from charities and organisations that specialise in homelessness support, such as Shelter or Crisis.
- Be proactive in seeking housing solutions and advocate for yourself when engaging with housing authorities and support services.
Housing Options final thoughts
Navigating housing options in the UK can be daunting and extremely hard given the lack of affordable housing. With the right information and resources, finding affordable and suitable accommodation can be possible. Whether you’re exploring local authority housing, affordable renting schemes, or facing homelessness, there are options and support available to help you secure a place to call home. By understanding the various housing options and seeking assistance when needed, you can take steps towards achieving housing stability and security.
