Rent to buy

The Rent to Buy scheme permits working households to rent a new build home for 80% of the market rate rent price (also known as the intermediate rent). By then saving the further 20% for a deposit, you may be able to purchase your first home.

How does it work?

• Rent to Buy properties are let to working households, who want to buy their own home but haven’t currently got a deposit.
• Rent to Buy properties, which have been built with a Homes England grant, will be allocated by offering a Rent to Buy Fixed Term (Flexible) Tenancy, with an expectation that the tenant will purchase the property at the end of the 5 year tenancy. 
• Unlike standard housing allocations which are based on housing need, Rent to Buy homes are offered on a "first come, first served" basis to those meeting the eligibility criteria.

Am I eligible?

If the following applies, then a Rent to Buy home may be the option for you:

• You’re a first-time buyer or a previous homeowner looking to buy again but unable to afford to buy now
• You want to buy in the future but need to save a deposit
• You’re working
• You can afford the Rent to Buy property without financial hardship or reliance on Housing Benefit or the housing element of Universal Credit
•  You have a good credit rating

Want to know more?  Please see these Frequently Asked Questions for more information.

How to apply 

This is now closed 

If you meet the criteria, we will be in touch with you and then you will need to complete a full application form and provide your ID and proof of your income.

If you have any queries, please contact us
•    Email [email protected]
•    Call us on 01325 405333