What is Rent to Buy?
Rent to Buy is a government backed initiative that allows eligible working people to rent at 80% of the market rent, while the tenant saves for a deposit to buy.
How does it work?
All Rent to Buy tenants are expected to pay one month’s rent and one month’s deposit up front when signing up for their tenancy, which will be held with the deposit protection scheme. We do not put aside any of the rent that a tenant has paid to be used towards a deposit for purchasing. The amount they choose to save for a deposit is entirely their decision and responsibility.
What are the benefits of Rent to Buy?
Who is eligible?
To be eligible for Rent to Buy you must:
Who isn't eligible?
Some of the reasons people may not be eligible include:
For further information please refer to our FAQ’s section below or call us on 0800 678 1894.