Rent to HomeBuy
Rent to HomeBuy is a way to ‘try before you buy’ and helps first time buyers onto the property ladder. Rent to HomeBuy will help prospective first time buyers who find that they are unable to access the housing market at the present time.
Households who would normally be eligible to purchase a New Build Homebuy property will be able to rent that property at less than market rent for a pre-specified period.
At the end of that time (or sooner if they are able) they will be given first option to buy a share of the property through the New Build HomeBuy scheme. The rent being charged will give households time to save for a deposit, or for their financial circumstances to improve sufficiently, for them to enter homeownership via New Build Homebuy.
Who can apply for Rent to HomeBuy?
Rent to HomeBuy is usually intended for people who cannot afford to buy a suitable home in any other way. Applicants must usually be in housing need and be unable to afford outright purchase.
What offers are available?
Some schemes will offer to pay back your rent after a certain period if you exercise the right to purchase your home.
How to apply?
If you are interested simply complete an application form by clicking here. We will then send details to you as schemes become available.
