If you have more rooms than you need in your current home and are interested in moving to a new home, you may be interested in downsizing.
Moving to a smaller home means:
- less upkeep
- lower bills
- having a property better suited to your needs as you get older
- freeing up homes for growing/larger families
If you downsize, you may qualify for our cash incentive scheme.
Cash incentive scheme
If you downsize you may qualify for Westminster’s cash incentive scheme.
This is open to tenants who wish to move within Westminster or to properties available through the Mayor of London’s Seaside & Country Homes.
If you wish to move to a smaller home in Westminster, you will be given the highest possible priority for a new home.
As well as providing help to you throughout the re-housing process, the cash incentive scheme can offer cash for each extra bedroom you free up when you are offered a new home.
For example, a move from a 3-bed property into one with two bedrooms would mean one bedroom is being freed up.
If you are older than the current pension credit age you can receive up to £3,000 for each bedroom freed up.
If you are younger you can receive up to £1,000 for each bedroom freed up. Either way, you can also receive up to £2,000 to put towards removal and decorating costs.
To find out more about the Cash Incentive Scheme, please contact our Housing Solutions Service.