Want to know more about Rent to Buy?
Find out if Rent to Buy is the right choice for you with our latest guide.
The rent to buy scheme allows you to rent a quality new home at a reduce rental amount of roughly 80% of the market value, which allows you to save the remaining 20% towards a deposit with the aspiration of buying your home on a Shared Ownership or outright basis.
If you dream of owning your own home but you are struggling to fund the deposit required, rent to buy is the perfect route to help you achieve home ownership.
If you are a working household, you can move into a Rent to Buy property, With Rent to Buy, you move into your new home and rent the property on an Assured Shorthold Tenancy basis for a period of five years. During this time, you’ll pay a reduced rent of just 80% of the full open market rent value. You can purchase your home from us on a Shared Ownership basis during years one to five, or on an outright basis at the end of the five-year term.
In order to qualify for Rent to Buy, there's a small criteria you must meet. Including:
If you're ready to start your journey to become a home owner but unable to afford the deposit for a Shared Ownership property, Rent to Buy is the perfect first step.