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Rent to Buy is designed to support our customers who can afford market rent but may find it challenging to save for a deposit due to other financial pressures. This tenure provides an opportunity to move towards home ownership at a pace that works for you.
We let ‘rent to buy’ homes at a 20% discount, allowing customers to save the difference. After five years of renting a home from us, the saving can be used to secure a mortgage deposit either on the rent to buy home or another home elsewhere.
Much like buying a home, you will go through a financial liability check which will assess your current savings and finances to ensure you are able to save enough to purchase the property at market value usually within 5 years. After the 5 years have passed, you will be able to purchase the property or if you need more time to save, you can ask for an extension to do this.
You can also choose to move out of your rent to buy property at any time.
We currently have no new Rent to Buy properties available.
We are proud to work in partnership with Karbon Homes and Homes England.
