Intermediate Rent: Costs and affordability

How much is the rent on an Intermediate Rent home?

Intermediate Rent (or Intermediate Market Rent) homes are designed to offer a more affordable housing option for middle-income households, providing discounted rent at up to 80% of the local market rate, with a 20% discount. This scheme helps renters save towards buying a home, including through housing schemes such as Shared Ownership.

The specific amount of rent you’ll pay depends on the local area where the property is located, as rent levels are calculated based on the area’s market rates. For example, if the market rent for a two bedroom property in your chosen location is £1,500 per month, you might pay around £1,200 under the Intermediate Rent scheme.

Intermediate Rent properties are an attractive option for those who want to balance affordability with the opportunity to save for a future home purchase.

Unlike the Shared Ownership scheme where you part-buy part-rent a leasehold home, you will not own a share of the property and will therefore not be required to make any mortgage payments. There are occasions where it’s possible to purchase an Intermediate Rent home at some point in your tenancy, however, this isn’t always the case.

Are there any other fees to consider with Intermediate Rent?

As with most rental properties, you’ll be required to pay a deposit to secure an Intermediate Rent home. However, the benefit of this housing option is that you’ll typically pay a lower amount, usually equivalent to one month’s rent, making the initial moving cost more manageable.

Where should I start my Intermediate Rent property search?

If you’ve found the information you need about the Intermediate Rent scheme, including understanding how it works and the eligibility criteria, and think this is the right path for you, it’s time for the exciting part – beginning the search for your home.

Head to our property portal to explore Intermediate Rent houses and apartments available across England. Use our tools to find properties that suit your needs and take the first step toward homeownership.