The London Borough of Harrow has introduced a Grant to Move Scheme which is available to all Council housing tenants subject to eligibility.
What is the Grant to Move Scheme?
It is a scheme where The London Borough of Harrow can provide financial assistance to eligible council tenants who want to buy a property and give up their council tenants.
New-build and refurbished properties are eligible for a limited deposit contribution of 5% of the property value. This also applies to new-build shared ownership homes and some refurbished homes. This is in line with CML/UK Finance incentive disclosure practices.
New Build and New Build Shared Ownership Schemes
We will offer 5% of the value of a share in a new build London Borough of Harrow shared ownership scheme property or any other new build property as a deposit towards the purchase.
This amount will be capped at £30,000
| Example Pro Rata | 100% Value | 50% Share | 5% grant value capped at £30,000 |
25% share | 5% grant value of 25% share capped at £30,000 |
|---|---|---|---|---|---|
| 1 bed s/o Milton Rd | £340,000 | £170,000 | £8,500 | £85,000 | £4,250 |
| 2 bed s/o Milton Rd | £448,000 | £224,000 | £11,200 | £112,000 | £5,600 |
For all non-new build homes and non-refurbished (Newley registered homes) There are two options:
Non-New Build Shared Ownership
We will offer 10% of the value of a share in a shared ownership scheme managed by another social landlord. This will only apply if the property is not a new build or refurbished (newly registered) This amount will be capped at a maximum of £25,000.
| Example | 100% Value | 50% Share | 10% grant value of 50% shared capped at £25,000 | 25% share | 10% grant value of 25% share capped at £25,000 |
|---|---|---|---|---|---|
| Purchase price | £340,000 | £170,000 | £17,000 | £85,000 | £8,500 |
| Purchase price | £448,000 | £170,000 | £22,400 | £112,000 | £11,200 |
Open Market
We will offer 10% of the purchase price of any property being bought on the open market within England - capped at a maximum of £25,000.
Apply for a grant to move
To register your interest and apply for the scheme, please complete our online application form below.
Please note that all incentives are subject to eligibility and availability.