Rent to Buy

Part-funded by Homes England, the ultimate aim of the scheme is to allow you to take advantage of a reduced market rent for the 5 year term, allowing you to save for a deposit.  After 5 years, if the property is not purchased, the rent will increase in line with the full market rent.

The four eligibility requirements for this scheme are:

• The property must be your only home
• At least one member of your household needs to be in permanent employment
• The joint household income must not exceed £80,000 per annum
• The rent should utilise 25% - 45% of your household income
• If you’re an existing homeowner, you may be eligible, if due to a relationship breakdown for example

More information about the Rent to Buy scheme is available via the government website by clicking on the 'Find out more' link below or please contact: Email: helptobuy@54northhomes.co.uk or Tel: 0345 521 1993.