Shared Equity Scheme |
The University runs a shared equity scheme, which provides financial assistance to new members of academic or academic-related staff with the purchase of living accommodation in the Cambridge area. Under the terms of the scheme, the University may pay for a direct share in the equity of a property purchased by a member of staff (and possible co-owner) as their primary residence.
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Reimbursement of Relocation Expenses |
If you are new to the University and relocating to Cambridge on a centrally-funded appointment of two years or more, the University offers a Scheme for the Reimbursement of Relocation Expenses. This scheme provides financial assistance (up to £8,000) with relocation costs for moves within the UK and from overseas. If you are eligible for this scheme and are looking to buy a house, the types of cost you are permitted to claim include expenses such as; solicitors fees, search, survey and property enquiry fees, stamp duty and registration fees.
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Rental Deposit Loan Scheme |
The University also has a Rental Deposit Loan Scheme to help employees with the costs involved of moving into privately rented accommodation in the Cambridge area. The purpose of the loan is to help new and existing employees at the University obtain privately rented accommodation by lending, up to £3,000 which is then paid back to the University over 10 equal monthly payroll deductions.
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