With Rent to Buy, you can move into a new home without needing a mortgage straight away. You rent the home first, giving you time to save before deciding whether to buy it.
Save while you rent
You'll pay rent that's 20% below the normal market rate for at least five years, making it easier to save for a deposit to buy your home in the future.
Everything you need to know
Learn how Rent to Buy works, who can apply, and what happens next.
How Rent to Buy works
With Rent to Buy, you rent your home first and may be able to buy it later. You can:
Move into a new home without needing a mortgage straight away
Pay reduced rent while you save for a deposit
Choose whether to buy the home, move elsewhere, or continue renting if agreed
Who can apply?
You may be eligible if:
You’re a first-time buyer, or used to own a home
You want to buy but do not have a deposit yet
You’re working
You can afford the rent
You have a good credit rating
What happens next?
You’ll usually start with a 12-month assured shorthold tenancy.
If you keep to your tenancy agreement and pay your rent, your tenancy may be renewed each year.
After five years, you may be able to:
Buy your home
Extend your tenancy, if agreed
Move somewhere else
You can end your tenancy at any time by giving us notice.
Find a home
We have houses and apartments in different areas across the country.
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