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Homebond scheme
Medway Housing Solutions department provides
officers with a comprehensive range of options to assist households
with a local connection to the Medway area facing housing
difficulties.
Many of these options are discretionary and are
above and beyond what the legislation requires, they enable
officers to make choices that would not normally be available to
local people facing housing difficulties.
The Homebond scheme is just one of these
discretionary options that an officer may consider using, depending
on the facts of the case before them. Each case is assessed to
ensure the household is being considered for an appropriate and
affordable solution.
Officers may consider issuing a Homebond, as one
of the homelessness prevention options available to them. The
Homebond scheme has distinct categories that an officer will
consider; these are identified below:
For the under 35s with no priority need
Medway Council has
recently launched the Multi Occupancy Bond. This enables non
priority households below the age of 35 to access a room in shared
accommodation by providing them with a bond. The bond is
designed to overcome the need for these households to find a
deposit. This new bond has been introduced by Medway Council to
assist clients that will be affected by the recent changes made in
the Housing Benefit rules and regulations that restrict the amount
of benefit these households are able to access.
Bronze
This is a written bond offering a guarantee to
pay the equivalent of up to one month's rent in the event of damage
by the tenant at the end of the tenancy. Issue is based on a
comprehensive case and financial assessment. The Bronze homebond
maybe considered as an option for:
- single people;
- couples over the age of 18 with no children;
- people who have been found to be non-priority or intentionally
homeless.
The bond is valid for 12 months, this
enables households to save for their own deposit to replace the
bond at the end of the 12-month period.
Silver
This is a written bond offering a guarantee to
pay the equivalent of up to one month's rent in the event of damage
by the tenant, valid for the full period of the tenants occupation.
May include a repayable sum for rent in advance. Issue is based on
a comprehensive case and financial assessment. The Silver homebond
maybe considered as an option for:
- a pregnant woman or a person with whom she resides;
- a person with whom dependent children reside;
- a person who is vulnerable as a result of old age, mental
illness, physical disability or other special reason, or with whom
such a person resides.
Gold
This is a written bond offering a guarantee to
pay the equivalent of up to one month's rent in event of damage by
the tenant. One month’s rent in advance and a one-off grant of
£150, which should be be set off against administration fees.
Issue is based on a comprehensive case and financial assessment.
The Gold homebond maybe considered as an option for people who have
a priority need or are unintentionally homeless and have a local
connection with Medway and are considered to be difficult to
accommodate.
Download the
Homebond scheme leaflet (pdf
1,665KB). To use this document you will need Adobe Acrobat Reader.
If you do not have this on your computer, please use our advice page.
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