If you're eligible to rent a house from a housing association the following affordable rent products are available:
- Social rented: Social rent housing is let at guideline target rents which are determined through the national rent regime.
- Affordable rented: Affordable rent housing requires a rent of no more than 80 per cent of the local market rent (including service charges where applicable).
- Intermediate rent: Intermediate rent housing is let at a cost above social rent, but below market levels.
Rentplus is an innovative rent to buy product. Home owners can rent a home at 80 per cent of market rent or local housing allowance. After a period of time (five, ten, 15 or 20 years) there's an opportunity to purchase the home. When the home is purchased, Rentplus will gift a 10 per cent deposit to assist with the purchase. Visit the Rentplus website for more information and details on how to apply.