As a housing association, Curo is able to provide homes to people registered with the local authority’s Homesearch scheme. Last year 1,044 homes were re-let to local people on social and affordable rents by Curo, which owns more than 13,000 properties. These rents are generally between 60-80% of open market values.
Everyone who registers with their local authority’s Homesearch scheme has an assessment to see how high a priority their housing need is. It’s the local authority, not Curo, who make this assessment. This leads to a banding from A-D, with A being the highest – a family who are homeless for example. Once assessed and registered, home-searchers can ‘bid’ on the social homes available each week.
With market rents in Bath & North East Somerset now the highest in the South West, demand for Curo homes is high. Banding is taken into account first, but other factors are considered, for example health conditions or a local connection like working in the same area.
Just as Curo builds some homes for sale on the open market to generate income that’s ploughed back into its core charitable purpose, we also rent a small number of homes at market rents. Home-searchers do not need to be registered with Homesearch to rent these homes which we advertise at www.curo-sales.co.uk.