Affordable Schemes - Private Renters in Camden
What is the intermediate rent home scheme?
Intermediate rent homes are for people who do not qualify for council housing and struggle to afford the cost of the private renting.
Rent levels are set below the full market rent and homes are provided by the Council and housing associations.
These homes provide the assurance of being built, managed and let by a social housing landlord.
Am I eligible?
You will be eligible for intermediate rent in Camden 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 majority of intermediate rent homes needs to be 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 so that the total household income is increased.
What happens after you register your interest
Housing providers will email you details of available properties and will require that you:
- Provide at least two references, with one being from your current employer
- Have enough savings to pay one month’s rent and a deposit 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.
The other type of intermediate housing is properties to buy known as shared ownership.
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