Rent to Buy
What is Rent to Buy?
Rent to Buy allows working households to rent a home at around 20% below the market rent. This is sometimes called an ‘intermediate rent’. The scheme was designed to enable you to save for a deposit toward purchasing your home.
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, Accent can agree to extend your rental agreement, and you can continue to pay the reduced rent for the length of the extension.
- If Accent wishes to sell the home, 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.
- Accent 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 14 homes in Cambridgeshire that are let to our customers and rarely become available once again. We update our property search tool if any Rent to Buy homes become available.