There are two options available to rent a home at a discounted rent as a stepping stone to buying in the future.
Intermediate Rent (IMR)
With IMR you can rent a brand new or refurbished home, or a home that is being re-let at less than the market rate. The rent charged is normally 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 built, managed and let by us.
IMR is available to other home seekers who do not qualify for social rent or affordable rent homes and who cannot afford to buy a home of their own outright.
Intermediate Rent is a housing option for people who are not ready to commit to buying a home right now or who have difficulty securing a mortgage at the moment but who would like to save to buy a home in the next five years. Intermediate rent homes are usually let on an Assured Short hold Tenancy basis with a 6 month contract period.
For all Intermediate Rent enquiries please email firstname.lastname@example.org or call 020 3535 5323
Rent to Buy
Rent to Buy offers the opportunity to rent a newly built home under Intermediate Rent terms, for up to five years with the option to buy the home through Shared Ownership.
If you rent a home with Rent to Buy you can make an offer to buy the home on Shared Ownership terms when you can afford to; this can be done at anytime during the tenancy. When you decide to buy, Metropolitan will make an assessment of what share of the property can be bought, based on an specialist financial assessment of what you can afford. Terms and incentives vary by development. Metropolitan do not offer Rent to Buy at present (2015) but this option may become available again in the future.