Richardson Law

Housing solicitors in Leeds - Richardson & Co. Solicitors LLP

Richardson & Co LLP are a specialist law firm with considerable experience in social housing conveyancing.

The objectives of the Cash Incentive Scheme (CIS) are to release local authority accommodation for letting to those in housing need and to encourage owner occupation. The scheme works by the payment of a grant to a tenant to assist them buying a property in the private sector.

It is up to each local authority to decide whether to run a CIS scheme and tenants have no mandatory right to a grant.
A Regulatory Reform Order which allows local authorities to run schemes without the Secretary of State's consent, came into force on 1 April 2003 .The Regulatory Reform Order allows local authorities to set the size of grant payable to take into account the local housing market. All grants must be means tested.

Local authorities can target the scheme to free up accommodation in areas of the borough where there is a shortage of social housing; or to release types of property for which there is a high demand, eg family sized accommodation.
Currently there is no central funding for CIS, so local authorities must fund schemes from their own capital resources.