Intermediate Market Rent
Intermediate market rental properties in Monmouthshire, often referred to as "intermediate rent" properties, are designed for individuals and families who cannot afford to buy a home on the open market but can afford more than social rent. These properties typically offer rents that are set between social rent levels and market rent levels, making them more affordable for those with moderate incomes.
In Monmouthshire, you can qualify for these properties if your gross household annual income is between £15,000 and £36,000. The rent levels for these properties is usually set around 80% of the local market rent. Other benefits include location, access to comfortable and well-maintained homes.
Intermediate rent properties provide a valuable housing option for those who are in lower bands for social housing but still need affordable rental options. They help bridge the gap between social housing and full market rent, offering a stepping stone towards home security and services offered by a Social Housing Landlord.
How can I apply for an Intermediate Market Rent property?
These properties will be advertised through Homesearch by the Social Landlord. You will be able to identify the difference as these properties are usually advertised with rent per calendar month and have this symbol. 