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The Shared Ownership Scheme through Platform Home Ownership allows you to purchase a share of a brand new build home, giving you a flexible way of becoming a home owner with lower deposit requirements.
Rent to Buy allows you to rent a new build home at a subsidised
The subsidised rent will be considerably lower than privately renting in the same area, allowing you to save the difference towards a deposit to buy the home on a Shared Ownership or Outright basis.
Once you have moved into the home you have five years to save a deposit, you will solely manage the process of saving this deposit in order to purchase your home after a period of time.
If you're ready to start the process of owning your own home, Rent to Buy will allow you to save that all important deposit, search available homes in your area.Search Available Homes
Home Owner’s returning to the market due to exceptional circumstances, such as a relationship breakdown that can’t afford to buy a home on the open market will be eligible.
You will be required to pay:
Deposit - you will be required to pay the equivalent of five weeks rent as a deposit, which will be protected within the DPS scheme.
Rent – You will be required to pay the rent for the remainder of the month from your tenancy sign up date and one months rent in advance.
You will also be responsible for all utility bills associated with the property for the duration of your tenancy. Including council tax, water, gas, electric, TV, Wifi etc.
Under your rent to buy agreement, the service charge is inclusive of your rent.
Once you purchase your home in the future on either an outright or shared ownership basis, there may be a service charge payable which will be discussed with you at the time.
An Assured Shorthold Tenancy will be granted, which will run on a periodic basis.
The agreement will be for a minimum period of 12 months and a maximum period of five years.
Yes, If or when you decide to end your tenancy, we will ask you to give us one calendar month’s notice as a minimum. This will need to be given in writing.
This agreement is signed at the start of your tenancy confirming your intentions to save for a deposit and purchase the property in the future where financially possible.