Rent Types Explained!

Rent Types Explained!

Here at Space Property, we offer a range of different rent types on our properties to suit people in all different situations. Whether you’re struggling to rent on the open market, want to save for a deposit or can rent on the open market, we have something for everyone!

Affordable Rent Scheme

The Affordable Rent Scheme  is a government run scheme that are offers properties at 80% of the open market value. The scheme is aimed at those who are unable to rent on the open market.

There are certain criteria you must meet in order to be eligible for an Affordable Rent property. To qualify, you must:

  • Have a household income of no more than the average for your area, and more than 30 times the monthly rent amount (see individual properties for specific details)
  • Be able to pass a credit check
  • Be in permanent employment
  • Not be in receipt of Housing Benefit/ Local Housing Allowance
  • Have the funds available for: one months rent in advance, administration fee and the bond3bed-kitch-edit

The Affordable Rent Scheme has a simple online application form to fill out, and we determine which applicants are successful based on a point scoring system to identify those who are most in housing need. After you have been offered a property, you can then view your new home and reserve. We offer this scheme on many new build homes, so you can live in a brand new home!

Here is current Affordable Rent property we have available on a new build site in Upton near Pontefract; a three bedroom home  with driveway and garden for only £496pcm!

Market Rent

Market Rent properties are available to anyone in permanent employment and who meet the minimum household income (30 times the monthly rent). These properties are perfect for those who can afford to rent on the open market.dining

We offer market rent on a variety of homes from new to old, city centre to suburbs, so there’s something to suit every taste! One of our current market rent properties is this stunning two bedroom apartment in Chapel Allerton, Leeds with separate kitchen, lounge and dining rooms, patio area, white goods, ensuite and parking, all for just £800pcm!

 

Match Deposit Scheme

The Match Deposit scheme is a one of a kind scheme. Not only will it help you move into a  property, we will contribute towards your deposit to purchase your new home!

The Match Deposit scheme offers you the opportunity to:

  • Move into one of our properties immediately
  • Rent it at a low affordable rent whilst making savings toward a deposit
  • Have your savings matched by Yorkshire Housing, helping toward a deposit

You are expected to save at least £520 per annum towards your deposit and we will ask to see proof of your savings every year. Yorkshire Housing will match your deposit up to £5,200 to purchase the property.

To qualify, you must:

  • Be a first time buyer (or returning to the market)
  • Not be earning more than £45,000 in your household
  • Unable to buy a home because you are unable to raise a deposit
  • Over 18 years of age
  • Able to secure a mortgage if you had a deposit
  • Not have your name on a mortgage and own no other property

This is a fantastic opportunity to livekitchen1 in lovely home with a low rent whilst saving money to purchase you’re own home! This scheme is only offered on a select number of developments, mainly in the York area, but is a great help to get on the property ladder in quite an expensive area.

We currently have one property available on this amazing scheme; a modern two bedroom apartment just 5 minutes from York city centre, close to Monks Cross Shopping Centre. This will go quickly, so don’t miss out!

Advertisements

What to consider when looking for a home to rent

What to consider when looking for a home to rent

There are many factors that go into choosing the right rental home for you, some of which you may not have considered! Even though you’ll be renting not buying, you’ll still be living in this home for a considerable amount of time, so it has to be right for you. Here’s a few things to think about before deciding on a rental home.

  • Location – do you want city centre, suburban or rural? Do you want somewhere close to work, family and friends? Location is such an important factor, just as important as the property itself, so make sure you really think about where you want to be. Tip: we have a range of homes in various different locations to suit all lifestyles and preferences.
  • House type – do you want a stylish apartment or a family home? How many bedrooms do you need? Are you living alone or sharing? Tip: we have both apartments and houses, most 1, 2 and 3 bedrooms, some new builds and some converted properties in listed buildings.
  • Facilities – does the house come with white goods? Or do you already have your own? Do you want an ensuite? Would you like a garden or balcony? What is included in the property? Tip: all of our properties come with a fitted oven/hob, and the majority also have washer/dryer and fridge/freezer, as well as carpets and blinds.
  • Local amenities – are there shops and convenience stores nearby? Do you want to be close to restaurants and bars? If you have children are there good schools? Is being near a gym and leisure facilities important to you? Do your research into the areas around the properties you’re considering. Tip: We always locate our properties in areas that are close to local amenities to ensure tenants have everything they need within a reasonable distance.
  • Transport – are there good transport links such as trains and buses? Do you want to be near the stations or is it not a key factor for you? If you have a car, is there parking? Tip: many of our properties have parking unless they are city centre, and all have great transport links.
  • Children and pets – there can sometimes be limitations if you have children or pets and some places, especially apartments are unsuitable. Tip: all of our houses allow children and pets, but most apartments do not allow them for safety reasons. Consider this when deciding on your house type.
  • Criteria – some rental properties will have criteria applicants need to meet; do you match the criteria specified if any? Tip: as we run government schemes including Affordable Rent, Market Rent and Match Deposit, these come with a list of criteria, such as income and employment, to ensure we are helping people who need it.
  • Budget – do you have a strict budget? Do you have money for the deposit? Can you afford bills on top of the rent amount? Tip: many of our homes are on the Affordable Rent Scheme, meaning the rent is 80% of the average market rent of that area. For these properties the deposit is equal to one months rent.
  • Visualise – whilst physical factors are essential, so are emotional responses, it needs to feel like your home; can you visualise yourself living here?

When you view a property there are also a few things to look out for and check – damp, mould, size, gas or electric, lights, water, security, neighbours and views from the property. Once you have decided on a property or been offered one, move fast as good rental homes go fast! Once you move in, make sure you do a property inventory, and ask these essential questions from Money Saving Expert:

  1. Where’s the mains water stopcock?
  2. Where’s the fuse box?
  3. Where are the gas and electricity meters?
  4. Which days are rubbish and recycling collected?
  5. Are there instruction manuals for any electrical items?
  6. Who supplies the gas and electricity?
  7. Where is the thermostat?
  8. What’s the landlord or letting agent’s number?
  9. Where are the TV aerial and phone line sockets?
  10. Which provider supplies the home phone and broadband?

Affordable Rent Scheme: Part 1 – The Process

Today we have a great guest blog from our very own Lettings Administrator, Ellie! She will take you through the five step process of applying for one our homes on the Affordable Rent Scheme.

Step-by-Step guide to the Affordable Rent Scheme

At Space Property, we offer affordable housing and one of the schemes some of our properties are available on is the Affordable Rent Scheme. The rent is offered at 80% of the open-market value. The scheme is designed to help families or individuals who cannot afford to rent a property on the open market which meets their housing needs.

If you are interested in the Affordable Rent scheme and would like to apply, here’s a step-by-step breakdown of the application process:

Step 1 – Check you meet the Affordable Rent criteria and fill out an online application form If you see a property advertised on the Affordable Rent scheme and are eligible to apply, you will need to fill out a short application form online. Make sure you read all the information on the advert as you will need to select the correct scheme, housing association and development on the application in order for us to see your application at the next stage.

Step 2 – We review the applications

Each property is advertised for two weeks and there is a set deadline applications need to be completed by. After the deadline all the applications are reviewed by one of Space Property’s Lettings Co-ordinators who manage the property.

Step 3 – We allocate the property

The property is allocated to the applicant of the scheme who has the most need for it and this is worked out using a point based system. We take into consideration a number of different factors to assess housing need and financial circumstances.

Step 4 – We contact you with our decision

If you have been allocated the property, you will be contacted and offered a viewing at the property. If you have not been successful, we will contact you via email to let you know.

Step 5 – You will be invited to view and, after viewing, reserve the property

If you have been allocated the property, we will offer you a viewing. If you choose to reserve the property after viewing, you will need to pay a reservation fee of £170 (single applicants) or £220 (joint applicants) which covers the cost of an admin fee and credit check. Once the credit check has been returned and checks have been carried out at the property, we will arrange a sign in date. The bond (the equivalent of one month’s rent) and first month’s rent will need to be paid the day before the sign up.

For more information about properties available on the Affordable Rent scheme, please sign up for email alerts on www.spaceproperty.co.uk/users. Or if you have any further questions, please contact us on enquiries@spaceproperty.co.uk

Ellie will be back tomorrow with Part 2 – Application Tips!

Suburban living in Horsforth, Leeds

Suburban living in Horsforth, Leeds

Recently named as one of the best places to live, the up and coming Leeds suburb of Horsforth is the ideal place to live if you want a peaceful and beautiful setting, and access to one of the best cities in the country.

 Property17 Glenwood Villas External2

17 Glenwood Villas is a two-bedroom apartment situated in an old converted coach house, meaning it boasts its own entrance way. The lovely villa features a large open-plan kitchen and living area, with the kitchen complete with integrated oven, hob and extractor fan, and fitted with viLounge-Kitchennyl flooring. The two double bedrooms are fitted with carpet to create a cosy feel, and the master bedroom benefits from an en-suite bathroom. The main bathroom is a modern, white three-piece suite with a shower over the bath.

15 Glenwood Villas is also a two-bedroom apartment, situated on the top floor of the main apartment building. This property also features an open plan living area, witexternal (1)h a kitchen fully fitted with white goods and vinyl flooring, as well as a striking sloping ceiling with a Velux skylight window. The lounge area features a large bay window overlooking beautifully landscaped gardens. The spacious double bedrooms are fitted with carpet and wardrobes, and the clealoungen-finished, white three-piece bathroom has a bath and separate shower cubicle. Number 15 also has a large hallway with fitted storage, and both properties have allocated parking.

Location

Glenwood Villas has access to the beautiful landscaped gardens which provide lovely views from the apartments, and also overlooks the stunning Newlay Valley. Glenwood offers a peaceful setting, whilst only being a short distance from the local shops, eateries and bars. Horsforth is a historical town and has a rich heritage, and the Village Museum has collections and displays illustrating life in the village. If you fancy a trip to the city, Horsforth Railway Station is only a 5 minute journey away, giving you easy access to the vibrant city of Leeds, also making it ideal for commuters.

Why Horsforth is the best place to live

The Times named this beautiful suburb one of the best places to live in Britain, and it’s pretty obvious why. From its stunning scenery to great community spirit, it’s the ideal Yorkshire village to live in. The infamous Horsforth Hall Park is a gorgeous community park that offers something for all ages; with a unique Japanese garden, a “Trim Trail”, as well as outdoor play area and skate park. It’s perfect for a peaceful Sunday stroll on a sunny day. Pretty much the whole villageHorsforth woods is picturesque, but other great routes to walk are on the Leeds Country Way and in Hunger Hills Woods.

The village’s architecture is also a sight to behold; most buildings are made from sandstone, creating a distinctive style. The area is full of history, which you can explore in the Horsforth Village Museum. Horsforth is also full of unique and quirky culture, with Firefly pottery café where you can grab a drink and paint some pottery, whilst the annual summer event Walk of Art showcases plenty of weird and wacky creations. If you fancy the buzz of the city, Leeds is only a 10 minute train journey away, and is packed full of amazing places to eat, drink, shop, be entertained and anything else you can think of!

Places to eat &drink

Its amazing eateries and pubs also make Horsforth a great place to live. Everyone raves about Trattoria Il Forno’s incredible pizzas, and Café Marinetti also serve delicious Italian food in a family run restaurant. For Mediterranean cuisine heHorsforth 166ad to La Bistro, and for Indian dishes (and cheap pints) visit East at Enigma. If you are looking for snacks and lunches, Hamilton’s Sandwich Shop and Pooky & Grumps Deli are the best in town. For a taste of sophistication, Bar 166 & Bistro serves delicious British cuisine and the best burgers, and you’ll definitely want to stay for a drink with the locally brewed and worlds beers on offer, as well as cocktails.

The Brown Cow serves excellent American diner-style food, whilst The Brownlee Arms offers a combination of homemade food and real ale (with a superb Sunday roast). The village even has its own pub crawl, ‘The Horsforth Mile’, and a number of great pubs including The Forge, with craft beers and real music, The Abbey Inn which hosts the occasional gig, and Town Street Tavern offers a peaceful pint of craft beers and real ales.

Upcoming events

 

Suburban & City Living in Chapel Allerton, Leeds

Suburban & City Living in Chapel Allerton, Leeds

This contemporary two-bedroom apartment, located in the up and coming suburb Chapel Allerton, boasts a bright open-plan layout and fully equipped kitchen. Close to the local shopping centre and just 10 minutes from Leeds city centre, this apartment gives you the best of both city and suburban lifestyles.

Property

The open-plan layout of this modern, first floor apartment creates a bright and spacious living area, accentuated by the large windows that let light flood in. The kitchen area is well equipped with all the integrated mod cons you need including a tall fridge/freezer, washer/dryer and stainless steel oven with hob.

The bedrooms are just as bright and spacious as the rest of the property, are fully carpeted to create a cosy space, and offer great storage opportunities. The modern three-piece bathroom suite features an over-the-bath shower to meet all your needs. The property has gas central heating, a secure entry system and parking within communal grounds. This lovely little apartment has everything you need, and is situated in the perfect location…

Location

The “urban village” of Chapel Allerton is the place to be in Leeds right now. The vibrant inner suburb has its own mini town with grocery shops, plenty of pubs, bars, takeaways and lovely restaurants, banks, independent shops, a library, and even two art galleries for those seeking a bit of culture. The property is also close to Potternewton Park, and not too far away from the well known Roundhay Park.

Whilst you have all this within walking distance, the appeal of this suburb is its close distance to Leeds city centre and all it has to offer. You have the new Trinity centre and plenty of other shops down Briggate and along the Headrow, a multitude of quirky bars and eateries, cinemas, museums, art galleries, a buzzing nightlife; the list is endless!

This apartment’s great location means you can enjoy the relaxed and peaceful suburb, as well as explore the exciting city life of Leeds- you are spoilt for choice. Leeds city centre is easily reachable via regular bus services that go right past the apartment development.

Places to eat & drink

Where to start! To eat during the day, Crust & Crumb and Sunshine Bakery will become your go to locations, whilst Seven, and independent arts space, café and bar, offers something a little different and even puts on regular exhibitions, films, theatre and comedy.

The restaurant scene offers cuisines for every taste; Sukothai serves the best Thai food in Leeds, for Mexican head to Pinche Pinche or El Bareto, Chapel A foodand Arti or Aagrah serve tasty Indian cuisines. If you’re more of a pizza/pasta person, Casa Mia is your go to, then for Mediterranean food try The Olive Tree, and North African cuisine in Sami’s.

The best bars in the area include Zed Bar, The Manor and The Hub, as well as Further North; the smaller, cheekier version of Leeds’ North Bar. If you prefer a good local pub then The Mustard Pot, The Regent and The Bay Horse Inn are all classically British pubs.

And when you head to Leeds city centre you are absolutely spoilt for choice with places to eat and drink. A few of many places to eat include: Shears Yard, Roots and Fruits, Filmore and Union, Café Moor, Fuji Hiro and The Foundry– you and your taste buds will have a great time discovering the culinary delights of Leeds. And to drink: Roland’s, The Social, Bilbao Bar, Smokestack, The Living Room, Friends of Ham, The Brewery Tap and Brew Dog. Check out leeds-list.com for everything you need to know!

Shopping

Chapel Allerton shopping provides a handy alternative to Leeds, and specializes in unique, independent shops. Casablanca, Chirpy, Angels and The Pink Banana stock a range of unusual, quirky items and great gift ideas. Chapel Allerton caters for all your shopping needs with fashion boutiques, butchers, a florist, a hardware shop, an interior design shop, cake shop, bookshops and jewelers, alongside high street supermarkets and bakeries.

If you’re looking for a wider range and big name brands, just travel the ten minutes to Leeds city centre for a plethora of high street namesTrinity, designer brands and independent stores, with Trinity shopping centre along the main high street, and White Rose on the outskirts of the centre. Leeds is also a lovely city to wander round, with beautiful architecture and plenty of delicious places for a quick lunch or snack.

Upcoming events

How to make your smaller/studio apartment feel bigger!

How to make your smaller/studio apartment feel bigger!

Are you put off renting a small apartment, or frustrated with the lack of space in your studio flat? Smaller or studio apartments can prove a bit of a challenge, but with our handy tips, you can make them into the perfect little home.

  • Make sure you let in plenty of light: this will make you apartment feel more open and spacious, so avoid heavy curtains and add plenty of light fixtures
  • Get to know the flow of your apartment: think about how you move around the space and move your furniture accordingly, making clear pathways to avoid frustration and bumping to thismultipurpose furnishings
  • Strategically place your furniture: for studio apartments use rugs, tables or lighting to create separate “rooms”
  • Multipurpose furnishings are you best friend: beds with storage underneath, hollow ottomans and tables, anything that doubles up as furniture and storage will free up space to create a clutter-free area
  • Get organised: this is the perfect opportunity to sort out your belongings and throw out anything you no longer use, then buy pretty organizers to store all your stuff away neatly
  • Create personality: it can be hard to make a small, rented apartment your own- use command hooks to hang up pictures and art without leaving holes in the walls
  • Clutter is the enemy: don’t fill small rooms up with lots of decorations, choose one distinct piece to display, and stick to one colour/shade for simplicity
  • Some small apartments don’t have an entrance hall; create your own foyer or ‘landing pad’ by putting a table, catch-all dishes and hooks for coats closetsnear your front door
  • Awkward features can be utilised: turn cubby holes into seating areas, a home office or storage spaces
  • Dot indoor plants around your living area: they make your apartment feel fresher, filter air and increase productivity
  • Make use of mirrors: they create depth making your space look bigger – prop one opposite a window to create the illusion of another window

Now you can create your own little haven in our one-bedroom apartments in York, Huddersfield and Skipton, or in our studio apartment in Leeds city centre. Find your new home on our website http://www.spaceproperty.co.uk/Housing