With our Rent to Buy scheme, you can ‘try before you buy’, and live in your dream home before you buy it.
What is the Rent to Buy scheme?
Rent to Buy gives you the chance to rent your ideal home for up to five years at a discounted rate of 20% below the market rental value. This gives you time to save for a deposit to buy the property in the future.
Is Rent to Buy for you?
The great thing about the Rent to Buy scheme is that, as your circumstances change, so do your options. After the five year period of discounted rent, you can assess your purchase options – including buying your home outright if you can afford to, or buying a percentage of it through Shared Ownership if your finances won’t cover the full property value.
However you choose to buy your home, HomesHub by Plus Dane Housing will be here to help you.
Am I eligible?
To be eligible for Rent to Buy you must be:
– Working, and intending to buy your own home within the first five years of renting
– A first-time buyer, or returning to the market ( a previous homeowner who no longer owns a property), earning less the £80,000 per year per household
– Able to afford the rent, and pass a credit reference check
There is a fee of £100 for each credit reference check, and a deposit of one month’s rent is payable before you move in.