Our
homes.
At Zen Housing, we understand that finding affordable housing can be a significant challenge. To help, we’ve outlined various tenancy options available to meet different needs and circumstances.
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Social Rent
Social Rent offers housing solutions priced below market rates to support individuals and families with limited financial resources. The goal is to provide stable, long-term residences that are accessible and sustainable. Eligibility for Social Rent is determined through a fair and transparent process, prioritising those with the greatest need to ensure equitable access to affordable housing.
Affordable Rent
Affordable Rent is designed to offer cost-effective housing solutions for households whose incomes do not meet market rates and who may not qualify for Social Rent. These properties are available at up to 80% of the local market rate, making them more affordable for those in need. This initiative focuses on providing equitable access to housing, ensuring that everyone has the opportunity to live in a quality, affordable home.
London Living Rent
The London Living Rent scheme is tailored to assist middle-income Londoners by offering rents based on a third of average local incomes, enabling them to save towards buying their own home. This program targets individuals and families looking to transition from renting to homeownership, offering a financially viable pathway to achieve their housing goals. Eligibility is centred on those currently renting and planning to purchase their first home, supporting their journey towards financial stability through property investment.
Zen Housing is committed to providing these housing options and collaborates closely with local authorities to increase the availability of homes.
For more information about these affordable products in your area, please visit your local council’s website.
Shared Ownership
For growing numbers of the population, shared ownership is the first step out of renting and onto the property ladder. Shared ownership allows for the purchase of between 10% and 75% of a property for a deposit of 5% to 10% of that share, with rent paid on the remainder to the landlord. This is designed to help those with a steady income but a relatively small cash deposit.
Monthly costs will consist of a mortgage on the percentage share purchased and rent on the share you don’t own plus a service charge. The amount you will pay towards your mortgage will be dependent on the value of the share purchased and the deposit put down, the remaining length of your mortgage and the interest rate charged by your lender.
Shared ownership offers the ability to own up to 100% of the property through a process known as staircasing by incremental purchase of additional shares within the property until 100% ownership has been achieved.
Our approach is to provide liveable homes through design-led solutions where affordability and desirability go hand in hand. Our homes are user-friendly and functional. We also focus on the sustainable benefit that comes with every scheme through analysis of the existing site assets and utilising the embedded carbon, right from the outset ensuring housing locations and communities are set for a brighter future.