Rent to Buy

The Rent to Buy scheme is effectively a way you can ‘try before you buy’. It allows you to rent your home at a reduced rate, while you save up for a deposit to purchase it in the future.

You can rent your chosen home at an affordable discounted rate (usually up to 20% lower than average local market rents) for between three and five years.

In the future, as your money starts to save up or your circumstances change you can purchase shares of your home through Shared Ownership after a year, or even buy it outright after 5 years.

To be eligible for this scheme, applicants must be working and intending to buy their own home in the future but be unable to purchase right now via the open market. Applicants must also be first-time buyers or returning to the market following a personal incident such as a relationship breakdown which has meant the applicant has needed to leave their home.

A rental deposit equivalent to a months rent will need to be paid and this will be refunded to you once your purchase has completed, or when you vacate the property (subject to the final condition report).

Click here to search for available Rent to Buy homes.