Transfer Incentive Scheme
We operate a Transfer Incentive Scheme to encourage people to move from family sized homes to smaller ones and free up larger homes for those who need them. If you are eligible you could get a payment of up to £2000.
You may be interested in the scheme if:
- your current home has more bedrooms than people living in it.
- you want to cut your heating cost.
- you need help or support to maintain your home or garden.
How the scheme works
There is a fixed payment of £750 to help with moving costs. You also get £500 if you are downsizing by one bedroom for example moving from a 3 bedroom home into a 2 bedroom home, or £750 if you are downsizing by more than one bedroom.
On top of these payments you can also get £500 if you leave your property in a good condition, although this does not apply to mutual exchanges.
This scheme is only available to Colchester Borough Council tenants that move into another Colchester Borough Council property. If you move into a Housing Association property, you won’t receive a Transfer Incentive Scheme payment.
Your application for a new home also gets a high priority under the scheme.
Housing association tenants
If you apply and you are a housing association tenant, your application for a smaller property is given a high priority, but you would not get the cash payment that a council tenant would.
How to apply
You need to complete a housing application form at the Gateway to Homechoice website.