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How to purchase a home with rent-to-buy

Rent-to-buy is a fantastic option for people who want to save for a deposit for a home, and allows you to rent at a reduced rate. Find out more now.

Our rent-to-buy homes are let at a reduced market rent, which gives you the opportunity to save for a deposit to help you buy the home they’re in.

What is rent-to-buy?

Our rent-to-buy homes are let at 80% of the market rent, giving you the chance to save the remaining 20% for a deposit to buy your home at a later date.

When you become a rent-to-buy tenant, first you’ll be put on an assured short hold tenancy. This will last for 12 months, then you’ll have a review. As long as everything’s gone well with your tenancy, and you’ve paid your rent on time, your tenancy will be extended.

Then, once you’ve saved enough for a deposit, you’ll have the option to purchase your home at its market value.

Can anyone use the rent-to-buy scheme?

To qualify to use rent-to-buy, you need to meet certain criteria.

You will need to:

Be 18 or older
Working full or part-time
Intend to buy your home but unable to afford one on the open market
Be a first-time buyer, or returning to the market after relationship breakdown
Have a combined household income of less than £80,000
Able to pay your rent and save for a deposit to purchase your home at the same time
Able to pay a rental deposit and the first month's rent at the point of letting
Not be overcrowded in the property you want to rent

There are some circumstances that will disqualify you from applying for rent-to-buy.

How can I apply to buy a home through rent-to-buy?

Rent-to-buy homes are advertised on Zoopla and let on a first-come, first-served basis. There is no waiting list for these homes.

You may wish to set up an alert that tells you when we have advertised a new home for sale.

If you find a home you’d like to purchase through rent-to-buy, follow the instructions on Zoopla, and if you’re successful, our team will be in touch to walk you through the process and organise a viewing.

If you don’t hear from us within four weeks of sending your application, then unfortunately you haven’t been successful.