Rent to Buy is a government scheme introduced in 2014 that allows tenants to rent a property at 20% below market rent - giving you the chance to save for a deposit to buy a home in the future. 

It’s an affordable step onto the property ladder as it makes saving for a mortgage much more achievable!

To be eligible, you must meet the following criteria: 

  • Be in full or part time employment.
  • Have the right to rent in England.
  • Earn the minimum income required for the home to make sure it’s affordable for you, however there is no maximum income cap for Rent to Buy.
  • You must be a first-time buyer or a former homeowner returning to the market, for instance following a relationship breakdown .
  • Able to pay your rent and save for a deposit at the same time.  
  • Hold a good credit history to ensure you’re free from any bad debts or County Court Judgements.