Rent to Buy
What is Rent to Buy?
Rent to Buy allows you to rent a home for less (around 20% below market rent!) and put money aside for a down payment to own it someday. This government program is designed to give hard-working families a stepping stone to achieving their dream of homeownership.
The scheme offers an assured shorthold tenancy (AST) on a fixed term of five years. During, and at the end of your tenancy some options could include:
- If you want to buy the home but need more time to save for the deposit, We can agree to extend your rental agreement, and you can continue to pay the reduced rent for the length of the extension.
- If we wish to sell the home in the future, we must give you the right of first refusal. Then, you can buy the property for the market value at the time, using your deposit and arranging a mortgage.
- We may offer the option of buying a share of the property using the Shared Ownership scheme
What properties do you have available using Rent to Buy?
We previously offered homes on a development in Cambridgeshire, all of these homes are currently let to our customers. We update our property search tool if any Rent to Buy homes become available.
Hold Tight! Our Rent to Buy homes are currently spoken for.
We understand the frustration of missing out on a great opportunity. But fear not! We update our property listings regularly, so keep checking back for new chances to join this fantastic program.
Can you add me to a list to be kept up to date about future availability of Rent to Buy?
Yes, simply complete this form and we’ll let you know if availability changes.