Rent to Buy
Rent a home at a discounted rent as you save up 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 5 years.
Who can apply for Rent to Buy?
You must be a working household, with at least one tenant in full time employment and intend to buy the home in the future.
You will need to be a First Time Buyer having previously not owned a home. We may consider applicants who are looking to return to home ownership following a relationship breakdown. Your income must be less than that required to buy a home on the open market.
The maximum household income per annum is £80,000
All Applicants must be at least 18 years of age
You must have the Right to Rent and therefore we will check if you are permitted to reside in the UK
A full credit report and financial appraisal will be completed to ensure that you can afford to rent the home
For further information on Rent to Buy, please view our Rent To Buy Handbook