Intermediate renting

ZeeZi

Does anyone know much about intermediate renting? I've only come across it today - keen to hear views and experiences of others. Not sure of this is only in London or elsewhere too.

HampshireH

Intermediate market rent is about 80% of the market rent.

It's generally managed and offered by social housing providers.

Aside of that it's no different to market rental but you have to be earning less than a certain amount a year to be eligible 

Working_in_pyjamas

As @HampshireH has said, it's a scheme where you pay 80% of the market rent. For example if the going rate for a privately rented two bedroom house was £1000 you would pay £800, they are managed by Housing Associations but 'normal' HA tenants pay much less rent - set at the social housing level, I'm making the figures up here but let's say £400 on the same house.

When I rented via this scheme it was for keyworkers only but as time has gone on the definition of keyworkers has evolved I guess that means even more are eligible.

For me it was a great long term solution, I had a lovely house in a great area (the whole close was rented out under this scheme) and whilst it wasn't the same type of tenancy as social housing in that I only had as much security as a normal AST I really couldn't see the HA selling up as a private landlord might.