Tai Teg Registration is FREE, but there is an assessment fee of £75.00 * for some schemes. You will be advised of this during the process.
Affordable schemes available via Tai Teg.
Intermediate Rent Scheme
- An intermediate rental option for people who are not in a position to buy a home for various reasons, such as, insufficient deposit or a poor credit history.
- The scheme is aimed at people in employment and not totally dependent on benefits
- Rent is based on a Local Housing Allowance or 80% of the open market rents - please refer to property advert as this may differ depending on the landlord.
- A month's rent and a month’s deposit will usually be required, this will be noted on the property advert.
- Applicants who apply for the intermediate rental properties will also be asked to complete a referencing procedure by the landlord. This is to ensure that they are financially stable enough to maintain a tenancy at the specified rent level and that they are suitable tenants
- Applicant should have no more than £16,000 savings, please contact us if you require further information
- Households must be able to afford the housing costs (‘rent’ inclusive of any service charges) and these should equate to no more than approximately 30% of gross income. (Gross income including working tax and child tax credit) e.e. £25,000 x 30% = £7,500 / 12 (months) £625pcm - therefore the affordable rent would be in the region of £625pcm
