Rent to buy
The Rent to Buy scheme which 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 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.
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 and have a good credit rating
You may require further information so please read through the Frequently Asked Questions
Available Properties
2 Bedroom Semi-detached House
Plot 124- Craven Drive, Darlington, DL2 1PA
Weekly Rent is £146.77 (80% of the market rent) and you save £36.69 (20% of the market rent) towards your deposit
2 Bedroom Semi-detached House
Plot 123- Craven Drive, Darlington, DL2 1PA
Weekly Rent is £146.77 (80% of the market rent) and you save £36.69 (20% of the market rent) towards your deposit
3 Bedroom Semi-detached House
Plot 125- Craven Drive, Darlington, DL2 1PA
Weekly Rent is £166.15 (80% of the market rent) and you save £41.54 (20% of the market rent) towards your deposit
3 Bedroom Semi-detached House
Plot 126- Craven Drive, Darlington, DL2 1PA
Weekly Rent is £166.15 (80% of the market rent) and you save £41.54 (20% of the market rent) towards your deposit
*photos are of similar properties
How to apply
*Please note we are not taking applications at this time - please keep an eye on our Facebook page for future schemes.
If you wish to apply for any of these properties, please complete the eligibility criteria form.
If you are 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, there are several ways to contact us
• Email [email protected]
• Call us on 01325 405333