Intermediate Rent

How does it work?

This is a great option if you are not looking to buy a home just yet, but want to start saving for a deposit to buy in the future.

The Housing Association typically will offer homes to rent 20% less than current market rent values.
An Assured Shorthold Tenancy with an initial commitment of 12 months is normally offered, giving you the opportunity to save money for a future deposit.
Intermediate Rent properties are currently not available to purchase, they are for rent only.

 

Am I eligible?

  • Your annual household income should be between £20,000 and £80,000.
  • You should be unable to purchase a home suitable for your needs without assistance.
  • You cannot be a current home owner (or be named on the deeds of another property).
  • You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgements).

 

 

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September 2019

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