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£925pcm
2 Bedroom Flat
This property offers an open plan kitchen living space with 2 bedrooms, a family bathroom and ensuite bathroom.
This property forms part of a government approved affordable housing scheme. These properties are offered at a 20% discounted rent rate to the current market rent valuation, enabling the tenants to save money to put towards a deposit to purchase a property of their own.
The tenancy will be offered on a monthly rolling basis, providing better flexibility for the tenants to then end their tenancy once they have purchased a property.
This property will be offered with the intention that the tenants stay for a maximum of 5 years. In 5 years’ time the tenancy will be reviewed and may be extended, subject to the tenants still being eligible for an intermediate rent tenancy
The security deposit for this property is capped at one month’s rent, meaning the occupants move in costs are lower than a standard market rent property which is capped at 5 weeks rent.
All applicants are required to meet the set intermediate rent criteria, which is as follows:
- Must currently be employed or live within the same borough as the property
- Must be in employment
- Minimum household income of £27,750 (Based on the advertised rental figure of £925pcm)
- Maximum household income of £67,000pa
- Property size entitlement will be dependent on the household make up
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