2 bed flat to rent

Whitworth House, Stable Road, Colchester CO2

2 bedroom flat available exclusively through Intermediate Market Rent

Rent £725 per calendar month

Intermediate Market Rent with L&Q

Intermediate Market Rent (IMR) is scheme designated to help you save money by offering rents at 80% of a similar property on the open market. The savings you make on the discounted rent can then be used towards a deposit for your first home. With reduced monthly payments, you'll have more room to build up your savings towards a deposit for your first home.

To be eligible for in Intermediate Market Rent home, you must:

• Have the right to rent - proven by possession of British/EU/eea Citizenship or a valid UK residency visa
• Be able to provide one month's rent in advance and five weeks' rent as a tenancy deposit
• Meet the minimum income and affordability standards - this will depend on the price of the home you are interested in
• The minimum income for this property is £29,391.89
• Minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments

To rent an IMR home with us, you must not:

• Already own a property or be in the process of buying.
• Be able to afford a similar home through Shared Ownership or on the open market.
• Have a household income that exceeds £60,000.
• Have an adverse rental history, for example, rent arrears or damage to a property.
• Have a history of bankruptcy, defaults which include late payments, county court judgments (CCJs) or Individual Voluntary Agreements (IVAs).

Speak to our Lettings Associates to find out more and book your viewing today!

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