Our tenure types explained
What is Intermediate rent?
Intermediate Rent (IR) allows you to rent a brand new or refurbished home at less than the market rent. It is a subsidised rental scheme, which was initially designed to assist first-time buyers to save up for a deposit to buy an affordable home.
What is Market rent?
Market rent properties are aimed at those working in full time employment. Rent charged is normally approximately 20% lower than what you would expect to pay for a similar home in a similar area if you were renting from a private landlord. As well as being more affordable, you have the assurance that your home is managed and let by a Registered Housing Provider.
These properties are finished to a higher lettable standard including full decoration, carpets/flooring and sometimes white goods. These items are included in the tenancy and are not subject to any additional fees or charges.
Housing for the over 55's
Our Retirement Housing is accommodation for rent, designed specifically for people over 55 (or over 50 if claiming Living Disability Allowance) to enable them to live as independently as possible, whilst providing a safe, secure and supportive environment responsive to individual needs.