The Rent to Buy Scheme
Rent to Buy lets you rent a new build at a discount to market rent, with the intention of buying the same home later.
How it works
You rent at around 80 per cent of the market rate for a fixed period, commonly between two and five years, with the discount intended to build a deposit.
Who qualifies
First time buyers or people returning to the market, in employment, with the income to sustain the rent. Schemes vary between housing associations and regions.
Buying at the end
You buy outright or through shared ownership at the value when you purchase, not when you moved in. In a rising market that matters.
Weighing it up
It suits people who can save the difference reliably. If the discount disappears into living costs, ordinary renting with a separate savings plan is more flexible.
Planning a move?
BlueSky Removals gives fixed written prices after a free video or home survey. Call 0800 090 3125 or request a quote online.