Apart from social rented housing provided by the Council and housing associations, the main other type of affordable housing is intermediate housing. This includes intermediate rent and shared ownership properties.
What is intermediate rent?
Intermediate rent homes cost more than council accommodation but less than a private tenancy.
As well as being more affordable than a private tenancy, you have the assurance that your home is built, managed and let by a social housing landlord such as a housing association or the Council. Please be aware that demand is high but supply is low.
You will be eligible for intermediate rent if:
- you're a Camden resident
- you've worked in Camden for six months or more
- your annual household income is no less than £20,000 and no more than £60,000
The Council seeks to ensure that the majority of intermediate rent homes in each scheme is affordable to households with gross annual incomes between £31,950 and £42,600 (adjusted annually by wage inflation).
Applications from friends to rent two or three bedroom homes on a shared basis may be considered. This gives the opportunity for incomes to be pooled so that the total household income is increased, enabling you to be considered for the more expensive properties that you may not be able to afford on your own.
What happens after you have registered your interest
Housing providers will email you details of available properties. If you do not receive any emails, it is because nothing is available. Please be aware demand is high but supply is low.
If you're invited to view any intermediate rent homes, you will need to:
- provide at least two references, with one being from your current employer
- have enough savings to pay one month’s rent in advance
- have enough savings to pay a deposit which could be up to one month’s rent in advance
Intermediate rent homes are usually let on an assured shorthold tenancy, this means that it is fixed between one and five years, but could be renewed.
Please note, that due to the large number of applicants, Camden housing providers will only contact applicants that are shortlisted.