Mid-Market Rentals

What is mid-market rent?

Mid-Market Rent (MMR) is an initiative that aims to provide a solution for the housing problems that have arisen in the last few years.

By offering an option that is in between social and private housing, the government and housing associations are giving a solution to people who were potential first-time buyers, but can no longer afford or apply for a mortgage. Rents are generally lower than private lets and higher than social housing. As such there can be specific eligibility criteria when applying for these properties.

Rent for mid-market rent homes is usually in line with or below the Local Housing Allowance rates for particular areas, so mid-market rent is usually cheaper than the average private rents in an area (though higher than council or housing association rent).

What kind of housing is offered? 

Mid-market rent homes could be provided by a council, housing association or co-operative and may be a house or flat.

Who can apply? 

Anyone can apply for mid-market rent homes, but they are let - or allocated - using 'prioritisation models' developed by each organisation. These models may include conditions such as being in work or restrictions on how much you earn.

What kind of tenancy agreement will I get?

If you rent a mid-market rent home, you will get a Private Residential Tenancy. This is the same type of tenancy you would get in the private rented sector.

Will I need to pay a Deposit?

Mid-market rent providers often ask for a deposit - often one month's rent in advance. If a deposit is taken, it MUST be paid into a Rent Deposit Guarantee scheme within 30 working days of starting the tenancy and they must inform you that they have done so. If the landlord does not handle your money correctly, you may be entitled to compensation.

For more help and information, you should contact your housing options officer.