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Rent to Buy

Rent to Buy offers borrowers new build homes to rent for a pre-defined period of time with the expectation that you will buy a share of the property at the end of the rental period.

Homes are available through a range of housing associations on assured shorthold tenancies with an affordable rent of 80% (or less) of market rents.

The rent is payable for a pre-defined and limited period, after which time there is an expectation that you will purchase the property on the terms of Shared Ownership.

The rental period provides you with the opportunity to save for a deposit towards buying a share in the home, enabling you to access mortgage availability.

If your circumstances have changed and you're no longer able to afford to buy, your landlord may review your tenancy and there is no guarantee that your tenancy will be renewed after each of the agreed periods.

Some housing associations offer variations of Rent to Buy. Many of these schemes are marketed with different names, for example “Try Before You Buy”, "Part Buy Part Rent" or “Rent Save Buy” etc. Please enquire with the relevant housing association to clarify the terms under which scheme you are interested in is being offered.

Interested in Rent to Buy or perhaps Shared Owership ? Please don't hesitate to get in touch with our helpful team of mortgage advisers. We can put you in touch with an adviser local to you. 

Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

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