Intermediate Rent: Eligibility and prioritisation

What is the Intermediate Rent scheme eligibility criteria?

Intermediate Rent (also known as Intermediate Market Rent) is an affordable housing scheme designed to help aspiring homeowners save for a deposit over five years while renting at a lower cost. This scheme offers discounted rent, with occupiers typically paying 80% of costs compared to the local market rate. This makes it an attractive option for middle-income renters who want to build up their savings to eventually purchase a home through schemes like Shared Ownership. You can find out more about the Intermediate Rent scheme and how it works on Share to Buy.

Am I eligible for Intermediate Rent?

To be eligible for the Intermediate Market Rent scheme, you’ll need to meet the following criteria:

• Income cap: Your household income must not exceed £80,000, or £90,000 in London.
• Affordability requirement: You must be unable to afford to buy a suitable property on the open market.
• Non-homeowner status: You must not already own another home.
• Rent payment capability: You must be able to afford 80% of the local market rent without assistance.

What are the allocation and prioritisation rules for Intermediate Rent properties?

There could be additional criteria you need to meet within the allocation and prioritisation process as this may differ depending on the area where the property is located. This could include property prioritisation under Intermediate Rent for key workers (i.e. NHS staff, police officers and teachers) and those who currently live or work in the local area.

We recommend contacting your local council or the housing provider directly for more information.

Where can I search for Intermediate Market Rent properties?

If you’re interested in the Intermediate Rent scheme and how it could help you onto the property ladder, you can learn the key information to help you decide if this is the right option for you here on Share to Buy.

Ready to start your search? Visit our property portal to explore a range of homes available through this housing product and let’s find your path to homeownership.