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Products and Schemes
Please click HERE to return to the products and Scheme listing page.
Intermediate Rent
 
A limited number of properties may become available to rent at a rental set between social housing rent and private market rent. The properties are generally available to key workers and some other public sector workers, e.g., support workers, teaching and learning assistants, etc. They are 1 or 2 bed apartments. Houses may become available however this is rare.
 
Tenancies are Assured Shorthold linked to a key worker/public sector worker occupation. Once a Key Worker leaves their qualifying occupation, they will have to give up their tenancy.
 
For some Intermediate Rent schemes, the qualifying Key Worker occupations may depend on local recruitment & retention needs and is generally a wider classification than the government defined Key Worker Living definition.
 
Points to remember
  • Schemes may be funded in a variety of ways and have different qualifying criteria.
  • Tenancies are ‘tied’ to the Key Worker / public sector occupation.
  • Tenancies are Assured Shorthold and have no right to transfer, mutual exchange etc.
  • Rents are generally set at 70% to 80% of market rents.
  • Intermediate Rent is available to Key Workers who are not UK or EU citizens and without ‘Indefinite Leave to Remain’ on their passports.
Please click HERE to return to the products and Scheme listing page.
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Lea Valley Housing
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Lea Valley Homes is a division of Aldwyck Housing Group,
6 Houghton Hall Business Park, Porz Avenue, Houghton Regis, Beds, LU5 5UZ
Tel: 01582 869440