Rent to Buy

Rent to Buy is a way to ‘try before you buy’ and helps first time buyers onto the property ladder.  Rent to Buy will help prospective first time buyers who find that they are unable to access the housing market at the present time.

Households who would normally be eligible to purchase a Shared Ownership property will be able to rent that property at less than market rent for a pre-specified period.

At the end of that time (or sooner if they are able) they will be given first option to buy a share of the property through the Shared Ownership scheme. The rent being charged will give households time to save for a deposit, or for their financial circumstances to improve sufficiently, for them to enter homeownership via Shared Ownership.

Who can register for Rent to Buy?

To be eligible for Rent to Buy you will need to register with the Help to Buy Agent which covers the area where you wish to live. You can find out more about Help to Buy Agents and which one to register with by clicking on the following link:

Rent to Buy is usually intended for people who cannot afford to buy a suitable home in any other way. Applicants must usually be in housing need and be unable to afford outright purchase.

What offers are available?

Some schemes will offer to pay back your rent after a certain period if you exercise the right to purchase your home.

I have seen a property I like, but I do not have a deposit saved, what do I do?

If you have found a property you like, but are unable to purchase because you do not have a deposit saved, then Rent to Buy may be an option for you. Register your interest on our website and ensure you have completed an application form. Our sales officer will contact you to discuss your situation.  If Rent to Buy is a possible option for you we will assess your application in the normal way.

I have debts over £15,000. Am I eligible for Rent to Buy?

Our individual affordability assessment will calculate if you are able to afford the home you wish to live in.  The assessment will consider your outstanding debts and ensure you are able to repay your debts and save towards the purchase of your home.

My household income is over £60,000.  Am I eligible?

Applicants with household income over £60,000 are unable to apply for Rent to Buy.

I am currently claiming Housing Benefit. Am I eligible?

Applicants who are currently claiming Housing Benefit are not usually able to access Rent to Buy

I am a current home owner, Can I qualify for Rent to Buy?

If you own a property, you would have to complete on the sale of the property you own before you would be able to move into a Rent to Buy property.

How do I know if I can get a mortgage in the future?

We recommend that you seek independent financial advice from an adviser who is familiar with Rent to Buy and Shared Ownership schemes. We have a panel of recommended advisers who will be able to give you some idea of how much you can borrow and what this would cost.

Where to get Financial Advice

I am a Key Worker. Do I qualify for Rent to Buy?

Key Workers, such as Teachers, Health Workers, Police can register for all our schemes and in most circumstances are given priority.

Can I register by telephone?

We currently accept registrations online. If you need assistance in completing your registration, please contact us, we will be happy to assist you.

I would like to talk to someone about the Rent to Buy Scheme. Can I contact you?

We welcome enquiries, please contact us.

How to register?

If you are interested simply complete an application form by clicking here.  We will then send details to you as schemes become available.


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