Emh is pleased to offer The Primrose a 3-bedroom house on Rent to Buy at Orchard View, Hugglescote. 

 Rent is at £840 pcm (inclusive of service charge). This represents 80% of the full rental value.

Rent to buy provides homes at a reduced rent, giving you the opportunity to save towards a deposit and purchase the property within five years through shared ownership.

All applicants are required to undergo a financial qualification and affordability assessment.

About the home:

The property briefly comprises an entrance hallway with stairs to the first floor and a WC, and doorways to the kitchen/diner and lounge. The kitchen/diner comprises a range of base and wall units with a built-in stainless-steel extractor hood, gas hob, and electric oven, stainless steel splashback, and upstands.

The first floor has three bedrooms and a family bathroom leading off the landing. The family bathroom comprises a shower over the bath, heated chrome towel rail, a glass shower screen, WC, and wash hand basin.

The property has vinyl flooring in the bathroom, WC, and kitchen/diner.

 

About Rent to Buy:

Rent to Buy is a scheme which allows working households to rent a home at an Intermediate Rent, which is 80% of the market rent in the area you choose to live. The reduction in rent gives you an opportunity to live in a new, affordable home while you save towards a deposit to purchase the property within five years.

The following homes offered on a first come first served basis (with the exception of qualifying ministry of defence employees) and subject to receipt of documentation and an affordability assessment.

Applicants must complete a short form, which can be found here, and undertake a financial qualification and affordability assessment through Metro Finance.

How to apply for a Rent to Buy home:

Complete Online Application: 
Apply through our short online form. Please click here

Affordability Assessment:
Complete an assessment with Metro Finance. Please send an email advising you wish to apply for Rent to Buy to EMHrenttobuy@metrofinance.co.uk

Initial Assessment: 
Metro Finance will assess your eligibility and notify us.

Full Assessment: 
Submit supporting documents to Metro Finance for a final review.

Application Success: 
Metro Finance will notify us if your application is approved.

 

To be eligible for a Rent to Buy property applicants must:

• Be a working household and intend to buy their home in the future at the time of letting.


• A first time buyer having previously not owned a home, except for where an applicant is looking to return to home ownership following a relationship breakdown.


• Have an income less than that required to buy a home on the open market. Maximum household income level of £80,000 in the East Midlands, as set by Homes England.


• Be at least 18 years of age.

In addition to the above:

• The immigration status of customers will be checked to ensure they have the Right to Rent.


• A full credit report and financial appraisal will be completed to ensure the applicant(s) can afford to rent the home.


• Applicants must be able to show that they are unable to get a mortgage at this point in time and the reason why (this will be covered through the assessment with Metro Finance)

You can view our Rent to Buy Handbook here

 

 

• Type of property: House
• Availability: Available Now!
• Reception Rooms: 1
• Parking: Driveway
• Outside Space: Turfed rear garden