Rent to Buy

RENT TO BUY – A Pathway to Homeownership

Rent-to-buy offers an affordable way to get onto the property ladder. It allows you to rent a home at a reduced rate (typically 20% below market rent) while saving for a deposit to purchase the property in the future.

Key Benefits:

• Reduced Rent: Pay below-market rent, giving you a chance to save.
• Future Purchase: You can buy the home after a fixed rental period (usually 5 years).

Eligibility:

• Open to first-time buyers or those returning to the market after a change in circumstances.
• At least one person moving into the household must be employed full-time.
• Income and other financial criteria apply to ensure you can obtain a mortgage during the five years.

Download the full Rent to Buy guide below: