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Our tenure types explained

What is Intermediate rent?

Intermediate Rent (IR) allows you to rent a brand new or refurbished home at less than the market rent.  It is a subsidised rental scheme, which was initially designed to assist first-time buyers to save up for a deposit to buy an affordable home.  

  • How does Intermediate Rent work?

    This option was traditionally available to key workers such as national health or police service officers, however, due to current economic changes, this type of scheme is now available to other home seekers who do not qualify under the normal rules of social housing or cannot afford to buy a home of their own.    The rent we charge is approximately 20 percent lower than what you would expect to pay for a similar home in a similar area if you were renting from a private landlord, and it is managed, and let by a Registered Social Landlord. 

    Through asra’s intermediate market rental service, you can rent either a refurbished unit, or a new home for less than the current market rate, as well as being an option where you are unsure of committing to purchasing your home, or those who are currently having difficulty saving for a deposit which is needed for other affordable home ownership unit schemes.  

    Eligibility criteria applies.

  • Who is eligible?
    • Must be in full-time employment; applicants must be able to afford 80 percent of the local market rent without further assistance e.g. housing benefit.
    • Households with a total income of less than £15,000 a year (Dependent of geographical area) who cannot afford to buy on the open market without assistance, and do not already own or have a legal interest in a home.
    • You may be required to complete a financial assessment with asra.
    • You should make a commitment to low cost home ownership products in the short to medium term (within five years).
    • You will be required to undergo a credit check and submit landlord references for each applicant.
    • Applicants must be registered with Help to Buy www.helptobuy.gov.uk
    • Please note that the referencing process and credit checks are subject to a non-refundable administration fee that must be paid prior to any checks being carried out.

    Intermediate rental homes are usually let on an assured shorthold tenancy 12-month contract period. 

  • Do I have to pay a deposit?

    Yes, deposits are required on Intermediate Rent properties.

    This is usually the equivalent of one months rent, but you will be advised of the exact amount during your application. You are also required to pay one months rent in advance for the property, and any additional day's rent charged from when you sign up for the tenancy to the end of the calendar month.

    All deposits are held by an external agency called The Deposit Protection Service (DPS) following Government legislation preventing registered social landlords like us, from holding these themselves.  You will be given full instruction on the DPS scheme works during your application. Your deposit will be returned within 10 working days of termination of your tenancy,there maybe deductions for rent arrears or repairs to your property and you will be notified of any deductions before hand.

  • More information

    For more information about Intermediate Rent and to register, please contact a member of the Leasehold Team:

    For London, please contact sales@asra.org.uk

    For the Midlands, please contact LeaseholdServices@asra.org.uk

What is Market rent?

Market rent properties are aimed at those working in full time employment.  Rent charged is normally approximately 20% lower than what you would expect to pay for a similar home in a similar area if you were renting from a private landlord. As well as being more affordable, you have the assurance that your home is managed and let by a Registered Housing Provider.

These properties are finished to a higher lettable standard including full decoration, carpets/flooring and sometimes white goods. These items are included in the tenancy and are not subject to any additional fees or charges.

  • Who is eligible?
    • Market rental homes are usually let on an assured shorthold tenancy 12-month contract period. 
    • Must be in full-time employment; applicants must be able to afford 80 percent of the local market rent without further assistance e.g. housing benefit.
    • Households with a total income of less than £15,000 a year (Dependent of geographical area) who cannot afford to buy on the open market without assistance, and do not already own or have a legal interest in a home.
    • You may be required to complete a financial assessment with asra.
    • You should make a commitment to low cost home ownership products in the short to medium term (within five years).
    • You will be required to undergo a credit check and submit landlord references for each applicant.
    • Applicants must be registered with Help to Buy www.helptobuy.gov.uk
    • Please note that the referencing process and credit checks are subject to a non-refundable administration fee that must be paid prior to any checks being carried out.
  • Do I have to pay a deposit?

    Yes, deposits are required on Market Rent properties.

    This is usually the equivalent of one months rent, but you will be advised of the exact amount during your application. You are also required to pay one months rent in advance for the property, and any additional day's rent charged from when you sign up for the tenancy to the end of the calendar month.

    All deposits are held by an external agency called The Deposit Protection Service (DPS) following Government legislation preventing registered social landlords like us, from holding these themselves.  You will be given full instruction on the DPS scheme works during your application. Your deposit will be returned within 10 working days of termination of your tenancy,there maybe deductions for rent arrears or repairs to your property and you will be notified of any deductions before hand.

  • More information

    For more information about our Market Rent properties, please contact our Lettings and Housing Options team.

Housing for the over 55's

asra Housing Group's Retirement Housing is accommodation for rent, designed specifically for people over 55 (or over 50 if claiming Living Disability Allowance) to enable them to live as independently as possible, whilst providing a safe, secure and supportive environment responsive to individual needs.    

  • What is retirement living?

    Many people find asra Housing Group's Retirement Housing an easier and more attractive option than maintaining a property which is too large for them.  It allows you to enjoy greater freedom to do the things you want without having to worry about tasks that usually take up your time such as exterior maintenance.

    We have a range of high quality apartments and bungalows for rent, designed for single people and couples aged 55 and over and are usually in a communal setting or scheme.

    If a person already owns or rents an existing property, they may not qualify for this type of accommodation.  Check whether you are eligible

    We have 28 retirement housing schemes across Greater London and the Home Counties, 47 across the East and West Midlands, many meeting mobility standards and with wheelchair access. 

  • How much does Retirement Housing cost?

    The cost varies from scheme to scheme depending on it's location and the facilities available, but each property will have it's total rent clearly advertised.

    All properties also include a Service Charge in the rent which covers the cost of the support officer (if applicable), cleaning, gardening and maintaining communal areas.

    You may be eligible for housing benefit to help pay rent and service charges and we can offer advice if required.

  • What do schemes look like?

    Our schemes are designed to let you live your life the way you want to.  You can enjoy your own private space or socialise with others by choosing to take part in a range of social activities, or just even use the communal facilities available.

    Each offers different facilities and services, but many provide the following features:

    »  Self contained accomodation with your own front door, bathroom and fitted kitchen 

    »  Communal facilities such as a laundry, communal lounge, and guest room 

    »  Communal gardens and communal parking 

    »  A Support Officer (where applicable) 

    »  Door entry systems 

    »  24-hour emergency support provided through friendly and experienced operators

  • What does the Support Officer do?

    This varies from scheme to scheme and the needs of each person, but they may: 

    »  Help new tenants to settle in and explain how everything works

    »  Help with understanding rent and tenancies issues

    »  Make regular contact with each tenant 

    »  Deal with emergencies, both medical and social 

    »  Encourage Social activities 

    »  Report and monitor repairs and maintenance work 

    »  Assess needs with tenants, families and voluntary or statutory agencies

    »  Provide advice and co-ordinate general issues like Care Packages

    »  Assist with moving on when the time comes

  • How do I choose which scheme I would like?

    There are some basic factors you need to consider when choosing a Retirement Housing scheme to live at: 

    »  Location - where do you want to live? 

    »  Amenities - is it in easy reach of shops, surgeries and transport? 

    »  Design - is it suitable to meet my needs

    »  Access - do you require wheelchair/disabled accommodation? 

    »  Communal Facilities - do you want these? 

    »  Size and Layout - do you require a bedsit, flat or bungalow? 

    »  Support Officer - do you require one on site, a weekly / monthly visit or just an alarm? 

    »  Atmosphere - does it feel right? 

    »  Cost - can you afford the charges? 

    »  Other residents - what do they say about the scheme?