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Annual Report and Accounts 2008

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Our Portfolio > Residential > Affordable Housing > Choice Based Lettings & Bids > How Does It Work?
Choice Based Lettings & Bids
How Does It Work?

Fact:

  • Our urban portfolio generates over 75% of our gross revenue surplus and represents 78% of the value of our entire portfolio

Fact:

  • Almost all of the property in London's Regent Street and Regent's Park belongs to The Crown Estate

Latest News Headlines

The Regent Street Festival 2008

Glenlivet Estate Scoops European Award

Richard Lochhead MSP Visits Estate

£211.4m Profit of for Benefit of Taxpayer

Tintern House, London NW1

Choice Based Lettings - How Does It Work?

We were one of the first in the UK to implement a CBL system - thereby introducing a real degree of consumer choice into the letting process, letting applicants decide for themselves where they would like to live.

 

 

The Pool

The pool includes prospective tenants who have been nominated by their welfare or personnel departments and have satisfied both housing and income criteria.

In order to be included in the pool, applicants must be:

  • A key worker whose employer has nomination rights or a Crown Estate tenant whose transfer request has been accepted
  • Accepted under the HOMES nomination scheme

Everyone accepted into the pool is issued with a unique reference number and a registration date.

Applying for Vacant Properties

Each fortnight members of the pool will receive an email linking them to the CBL Applicant site with the latest edition of properties available. The site features particulars on all our vacant properties as well as practical details, including rent, location and room sizes. Applicants can apply – or ‘bid’ as we call it – via the CBL Applicant site.

Bids

Where more than one application is received for a property, it will be offered to the person who has the earliest registration date.

The results of the ‘bidding’ will be available on the archive page of the CBL Applicant site - freely available to members of the public whether signed up as an applicant or not. This ensures transparency, with all being able to see how each property has been let, although the successful applicant will remain anonymous.