Pegasus House (Greengate Street, London E13 0BN)
1 bedroom apartment available exclusively through Intermediate Market Rent
Rent £1,100 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 the property is £44,954.59
- 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.
- Have a household income that exceeds £75,000
- 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).
Newham is a vibrant and diverse borough in East London, renowned for its rich cultural heritage and a thriving sense of community. As one of London's most rapidly developing areas, Newham blends modern urban living with pockets of green space, including the expansive Queen Elizabeth Olympic Park, providing a scenic retreat for outdoor activities and leisure.
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Newham also boasts a wide array of amenities, from schools and healthcare facilities to local markets, shopping centres like Westfield Stratford City, and a diverse range of restaurants and entertainment venues. With a strong focus on regeneration, the borough is home to modern housing developments alongside historic areas, catering to both families and young professionals. Newham offers a dynamic lifestyle in a rapidly evolving part of London, where tradition meets progress.