Intermediate Rent is a new product being offered by Broadland Housing Group on brand new properties, subject to meeting eligibility criteria. The benefits of Intermediate Renting are:

1. 20% discount on Open Market Rent values
2. an assured short-hold tenancy agreement (6 months)
3. an option to purchase the property via the Part Buy Part Rent process, subject to meeting affordability criteria
4. try before you buy experience
5. floor coverings included
6. time to save a purchase deposit during the rental period
7. a reputable and reliable repairs & maintenance service via Broadland Housing Group whilst renting the property
8. Pets welcome (with exception to flats)

Intermediate Rent has been launched to assist potential Part Buy Part Rent applicants who have experienced difficulties in obtaining a mortgage offer due to the current deposit requirements of mortgage lenders.

A minimum household income will apply for each property type and Broadland Housing Group will assess you on your potential financial ability to purchase the property via the Part Buy Part Rent process in the future.

Applicants must be approved for the Newbuild Homebuy product via Orbit First Step, the HomeBuy Agent for Norfolk and Suffolk (excluding Forest Heath and St Edmundsbury).

Orbit First Step
Garden Court
Harry West Road
Binley Business Park
Binley
Coventry
CV3 2SU

www.orbithomebuyagents.co.uk
Tel. 08458 50 20 50 Fax. 024 7643 8034

Priority will be given to applicants who fall into any of the following categories:

• social tenants, either Local Authority or Housing Association Tenants
• those on social housing waiting lists
• key workers
• those with a local connection
• other priority groups recommended by regional housing boards, these include medical secretaries, medical receptionists, teaching assistants, learning assistants, care workers employed by Local Authorities.

An application pack with latest availability, minimum household income and rental values is available upon request from our New Business Department. Household occupancy levels will be maximized wherever possible.

Southery, Kings Lynn

• Feltwell Road Price List
• Feltwell Image

Future Schemes

• Gaywood Road, Kings Lynn
  Eight 2 bedroom 3 person apartments for Intermediate Rent, currently being constructed. Anticipated to be available for occupation Autumn 2010
• Saint Benedicts Street, Norwich (St Benedicts homes)
  Six 1 bedroom 2 person apartments, Twenty two 2 bedroom 3 person apartments, One 2 bedroom 4 person apartment, All for Intermediate Rent
  Phased completions anticipated to be available for occupation during 2011
  

Minimum household income levels will apply. Your potential to purchase the property via the Part Buy Part Rent property in the future will be considered at the time of offering the property for Intermediate Rent and again at the time of purchasing.

You will need to be able to cover the following expenses whilst Intermediate Renting

• rental costs and service charges
• household bills – utility bills, council tax, contents insurance

It is Broadland Housing Group’s responsibility to repair and maintain your new home (excluding tenant damage and neglect) whilst you are Intermediate Renting the property. This includes servicing your boiler annually. If you purchase through the Part Buy Part Rent process in the future you will become responsible for all repairs and maintenance.

You have the right to purchase the property on a Part Buy Part Rent basis during the first twelve months of occupation providing you meet the Group’s affordability criteria at the time of purchase. If you do not wish to purchase the property during this period or fail to meet the affordability criteria the Group may serve two months notice to end the tenancy. Broadland will consult you before we make any changes in our housing policies or the way in which we manage your home which are likely to affect you.

If you wish to apply please click here to download our application form