The Rent to Buy scheme is a discounted rent then buy scheme, offered to support our customers in getting onto the property ladder.
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: firstname.lastname@example.org or Tel: 0113 220 8101.