2022/23 and 2023/24 schemes
The table below shows the maximum amount of grant a qualifying tenant could receive, as long as they have had at least three years of public sector tenancy.
The amount of grant rewarded is means tested and is classed as gap funding to use towards the purchase of a property. This means you may be offered a reduced grant.
Grant levels (for tenants who have at least 3 years tenancy)
| Current bedroom size | 2022/23 grant | 2023/24 grant |
|---|---|---|
| Studio | £50,000 | £50,000 |
| 1 | £50,000 | £50,000 |
| 2 | £70,000 | £70,000 |
| 3 | £70,000 | £100,000 |
| 4 | £100,000 | £120,000 |
| 5 | £120,000 | £120,000 |
| 6 | £120,000 | £120,000 |
Updated: 18 September 2023.
Maximum area purchase price
This table demonstrates the maximum purchase price that a tenant can go up to.
| Areas | Purchase price threshold |
|---|---|
| Greater London | £600,000 |
| Outside Greater London | £450,000 |
| Abroad | £200,000 |
Grants for those tenants who have two-three years tenancy
If you do not have the full three years council tenancy, the following table demonstrates what level of funding you could potentially qualify for.
| Tenancy (% of grant) | Studio | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed | 6 bed |
|---|---|---|---|---|---|---|---|
| 3+ years (100%) | £50,000 | £50,000 | £70,000 | £100,000 | £120,000 | £120,000 | £120,000 |
| 2-3 years (60%) | £30,000 | £30,000 | £42,000 | £60,000 | £72,000 | £72,000 | £72,000 |
| 0-2 years (0%) | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Updated: 18 September 2023.
If you have less than two years tenancy, you will not be eligible for a house purchase grant.
Bonus payments
Please note, the bonus payment is no longer awarded on this scheme.
Adaptations
The maximum grant available to use towards an adaptation is now £60,000 irrespective of size of property being given up by tenant.
Abroad sales
There will now be a fixed offer of grant for abroad sales, this will be based upon the exchange rate on the date of the offer and discretion will be used to review and recover any grant amount for abroad sales where funds received are in excess of the purchase price (due to exchange rate fluctuation).