Incentive payments
Incentive payments under this scheme to qualifying tenants are:
- £1,500 if the property freed up is a two bedroom home
- £2,500 if the property freed up is a three bedroom home
- £3,000 if the property freed up is a four bedroom home
- £3,500 if the property freed up is a five or more bedroom home
- £2,000 if the property freed up is an adapted property, even if the property moved to is a home with the same number of bedrooms. This can be in addition to the amounts above.
The amounts above for downsizing moves are by the number of bedrooms at the home being downsized from and freeing up to the housing stock.
The size of the property a qualifying tenant is able to move to will be assessed and agreed through a Housing Register application in line with the Council’s Housing Allocations Scheme with an additional ‘spare’ room allowed for transfer moves under this scheme.
Payment is made once the Registered Provider confirms the tenancy for the new home has been signed. For a move to the private sector, proof of the new tenancy or home ownership will be needed before any payment is issued. Payment will be made by BACS transfer only.
Incentive payments under this scheme are subject to budget limits, meaning:
- Once the annual budget for the scheme is met no further payments will be made through the scheme unless further budget provision can be identified. We may need to assist with a transfer in the following financial year.
- While the offer is operating with budget available during a financial year, priority will be given to those moving from accommodation that is most needed; i.e. larger family homes with 4 or more bedrooms or adapted properties.