2 bedroom flat available exclusively through Intermediate Market Rent
Rent £860 per calendar month
Intermediate Market Rent with L&Q
Intermediate Market Rent is a government- backed scheme designated to help you save money by offering rental properties at a lower rate than the average market price. With reduced monthly payments, you'll have more room to build up your savings towards a deposit for your first home.
To be eligible for in Intermediate Market Rent home, you must:
- Live or work in the local area of the property
- Have the right to rent - proven by possession of British/EU/EEA Citizenship or a valid UK residency visa
- Be able to provide one month's rent in advance and five weeks' rent as a tenancy deposit
- Meet the minimum income and affordability standards - this will depend on the price of the home you are interested in. The minimum income for this home is £30,991
- Minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments
- Have a formal tenancy (for example, in the private rented sector) or live in an informal arrangement with family or friends as a result of struggling with housing costs
- Be able to afford 80% of the local market rent without assistance
To rent an IMR home with us, you must not:
- Already own a property or be in the process of buying.
- Be able to afford a similar home through Shared Ownership or on the open market.
- Have a household income that exceeds £67,000
- Have an adverse rental history, for example, rent arrears or damage to a property.
- Have a history of bankruptcy, defaults which include late payments, county court judgments (CCJs) or Individual Voluntary Agreements (IVAs).
Speak to our Lettings Associates to find out more and book your viewing today.
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