Intermediate Rent

Scheme

  • Where rents are above social rented housing and below market housing rents.
  • Some properties are set at the Local Housing Allowance rate Local Housing Allowance 80% or 90% of open market rent or in line with the partners rent setting policy.
  • A month's rent and a deposit will be required by some landlords, this will be noted on the property advert.
  • Credit checks, current landlord referencing & employment checks may be required by some landlord.
  • Households must be able to afford the housing costs (‘rent’ including any service charges) and these should equate to no more than approximately 30% of your income e.g. £25,000 x 30% = £7,500 / 12 (months) £625pcm.
  • Local Connection - The applicant will be required to comply with Local Connection criteria as noted on the property advert.

Eligibility Criteria

  • Gross Household Income must be between £16,000 - £60,000 (you will need to check against the below re: minimum income required for size of property.
  • Income required (Income has been calculated taking the average rents per intermediate rent property per landlord into consideration).
  • 1 bed - £16,000 - £60,000
  • 2 bed - £20,500 - £60,000
  • 3 bed - £22,600 - £60,000
  • 4+bed - £27,000 - £60,000
  • Households must be able to afford the housing costs (‘rent’ inclusive of any service charges) and these should equate to no more than approximately 30% of your income. e.e. £16,000 x 30% = £4,800 / 12 (months) £400pcm - therefore the affordable rent would be in the region of £400pcm.
  • If you do not have sufficient income for the size of property required then please contact the Social Housing Register to seek further advice and guidance.
  • Age - you must be over 18 years of age.
  • See Income tab for what we consider as income.
  • Affordable – you are unable to meet the affordability requirements for properties on the open market and therefore in need of an affordable house.
  • Accommodation - the current home is unsuitable and does not meet your family's needs e.g
    • due to family size - (evidence of overcrowding)
    • affordability - (current rent is unaffordable)
    • specific needs - (reviewed on a case by case)
    • in need due to relationship breakdown and need to leave the rented property.
  • ​Local Connection you will have to have at least 12 months of local connection to the area you choose to live in to be on the register e.g. living, base of work or close family contact :- Parents, grandparents, siblings, adult children. The applicant will be required to comply with Local Connection criteria as noted on the property advert.
  • Applicants should have no more than a balance of £16,000 from all bank accounts (e.g Savings & Current accounts )
  • A month's rent and a month’s deposit will usually be required, this will be noted on the property advert.
  • Applicants who are nominated for an intermediate rent property may be asked to complete a referencing procedure by the landlord. This is to ensure that they are financially stable enough to maintain a tenancy at the specified rent level and that they are suitable tenants. 
  • Intermediate rent scheme is not eligible for mutual exchange
  • You must sell your current home before you can be considered for a property through Tai Teg. As part of the process a copy of your completion statement will be required from your solicitor.
  • Be British or an EU/EEA citizen, or have indefinite leave to remain