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.
- Shared Ownership: After 12 months, you can purchase your home from us on a shared ownership basis (if you are eligible).
- Future Purchase: You can buy the home after a fixed rental period (usually 5 years).
Eligibility:
- Applicants will be assessed by an independent financial advisor to ensure 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: