Rent to HomeBuy is to help people who’s aim is to purchase the home they are renting in the near future, this scheme helps you save for a deposit whilst paying a reduced rent.  You pay a subsidised rent for a fixed period and within this time you need purchase a share in the property you are living in.

You are offered an Assured Short Hold tenancy, paying an Intermediate Rent (i.e. 80% or less than local market rents) for a fixed period of time (e.g. five years). At the end of this fixed period or earlier if your prefer, you are offered the opportunity to buy a share of the property you are living in (minimum 25%) under New Build HomeBuy terms and conditions.  If you can afford it and wish to, you may purchase additional shares until you own 100% of your property.

The HomeBuy Agent will make an assessment of how much you can afford to buy ensuring it is a sustainable and affordable option for you, as per the usual New Build HomeBuy scheme.

This may vary from housing association to housing association.  However your landlord will review your tenancy and may let you continue to rent under an assured short hold tenancy BUT it is not guaranteed that your tenancy will be renewed.

This will vary from provider to provider as some will offer 1 and 2 bedroom apartments and others – family sized homes.  Available properties will be advertised on our website and lists of approved applicants will be sent to the housing associations on request.

Please see the section Am I eligible to Apply