South East London South East London H.O.L.DH.O.L.D

Home Ownership for Home Ownership for

people with Long term people with Long term

Disabilities.Disabilities.

SE London HOLDSE London HOLD

This presentation covers:This presentation covers: IntroductionIntroduction How HOLD worksHow HOLD works Eligibility criteriaEligibility criteria ConclusionConclusion How to apply.How to apply.

A Brief IntroductionA Brief Introduction

H.O.L.D: H.O.L.D: Is an opportunity for many people with long Is an opportunity for many people with long

term disabilities to find suitable housing which term disabilities to find suitable housing which better suits their needs. This option is not better suits their needs. This option is not widely available in any borough.widely available in any borough.

It makes it possible for people with Long Term It makes it possible for people with Long Term

disabilities to part buy part rent. Becoming a disabilities to part buy part rent. Becoming a homeowner.homeowner.

How HOLD works:How HOLD works:

A part rent, part buy housing option. Income A part rent, part buy housing option. Income Support pay the interest on the ‘Interest Only Support pay the interest on the ‘Interest Only Mortgage’ up to £200,000. This is an Mortgage’ up to £200,000. This is an additional benefit on top of any welfare additional benefit on top of any welfare benefits clients may be in receipt of.benefits clients may be in receipt of.

Housing Benefit pay the rent and service Housing Benefit pay the rent and service charges on the property.charges on the property.

There are Mortgage Advocates and one There are Mortgage Advocates and one building society that is used to process and building society that is used to process and provide the mortgage for people with Long provide the mortgage for people with Long Term Disabilities.Term Disabilities.

Currently, potential clients are able to purchase Currently, potential clients are able to purchase properties which are New Build Home Buy (NBHB) properties which are New Build Home Buy (NBHB) or Re-sales, the share being resold by a vendor. or Re-sales, the share being resold by a vendor.

This also includes a Full Repairing Lease. Any This also includes a Full Repairing Lease. Any repairs or maintenance will be the responsibility repairs or maintenance will be the responsibility of the Housing Association to provide. An of the Housing Association to provide. An additional service charge is added onto the lease additional service charge is added onto the lease which is fully Housing Benefit eligible. The only which is fully Housing Benefit eligible. The only responsibility of the HOLD client will be for responsibility of the HOLD client will be for furnishings and decoration.furnishings and decoration.

When the application form with Housing Options is When the application form with Housing Options is filled out it is then sent on to the HOLD Coordinator filled out it is then sent on to the HOLD Coordinator at at in touchin touch. The potential client will then be . The potential client will then be assessed to ensure they are fully eligible. assessed to ensure they are fully eligible.

When accepted on to HOLD, the HOLD Coordinator When accepted on to HOLD, the HOLD Coordinator will support the client during the finding and will support the client during the finding and purchase of the property. Support will also be purchase of the property. Support will also be provided when the client has moved in for a period provided when the client has moved in for a period of 3-6 months. The length of support provided is of 3-6 months. The length of support provided is based on individual needs.based on individual needs.

In touch In touch will also support the individual through any will also support the individual through any relevant benefit claims ie Housing Benefit.relevant benefit claims ie Housing Benefit.

Eligibility Criteria is:Eligibility Criteria is:

Be over 18 years of age. There is no upper age Be over 18 years of age. There is no upper age limit.limit.

Be in receipt or eligible for Income Support, Be in receipt or eligible for Income Support, Incapacity Benefit for at least 39 weeks. Receive Incapacity Benefit for at least 39 weeks. Receive Disability Living Allowance.Disability Living Allowance.

Have a Long Term Disability – Learning Disability, Have a Long Term Disability – Learning Disability, Mental Health, Physical Disability. Mental Health, Physical Disability.

Have access to set up costs of about £4000Have access to set up costs of about £4000 Have a clear credit historyHave a clear credit history To be currently living in accommodation which To be currently living in accommodation which

does not suit the needs of the client.does not suit the needs of the client.

ConclusionConclusionH.O.L.D H.O.L.D Is a fantastic, innovative new housing option for Is a fantastic, innovative new housing option for

people with a long term disabilitypeople with a long term disability offers equal opportunities to people in receipt of offers equal opportunities to people in receipt of

long term benefits by allowing them access to long term benefits by allowing them access to homeownership. homeownership.

allows people with a long term disability choose allows people with a long term disability choose where they want to livewhere they want to live

properties are chosen by the client rather than properties are chosen by the client rather than having to accept the first available property. They having to accept the first available property. They do not get put on a waiting list for housing, they are do not get put on a waiting list for housing, they are able to look at as many properties before choosing.able to look at as many properties before choosing.

To Apply:To Apply:

Contact London & Quadrant, Enquiries & Contact London & Quadrant, Enquiries & Applications Team on 020 8294 5000. Website: Applications Team on 020 8294 5000. Website: www.lqgroup.org.ukwww.lqgroup.org.uk

Register with Housing OptionsRegister with Housing Options Fill out the Housing Options Application Form Fill out the Housing Options Application Form

For further information please contact:For further information please contact:

Joanne BridgesJoanne Bridges

HOLD CoordinatorHOLD Coordinator

In touchIn touch

Tel: 020 8297 7636Tel: 020 8297 7636