Rent to Buy: Eligibility and prioritisation

What is the Rent to Buy scheme eligibility criteria?

Rent to Buy homes make stepping onto the property ladder more accessible, allowing working individuals to rent quality new-build homes at a discounted rate – up to 80% of the market rent with a 20% discount – while enjoying fixed inflation-linked pricing. This allows budding homebuyers to save for a deposit to eventually buy their home or another property.

Properties under this scheme are available to eligible households across England (excluding London), providing an accessible pathway to homeownership. You can learn more about Rent to Buy and how it works here.

Am I eligible for the Rent to Buy option?

To qualify for the Rent to Buy scheme, you’ll need to meet the following eligibility criteria:

• Employment status: You must be employed (either full or part-time).
• First time buyer restriction: You must be a first time buyer (Rent to Buy may also be an option for you if you’re looking to rebuild your path to homeownership following the breakdown of a previous relationship).
• Savings capability: You must be able to manage your rent while simultaneously building up your savings for a deposit.
• Financial assessment: To assess your eligibility, a landlord may examine your income and credit background, therefore, it’s important to have a good credit history free from bad debts or county court judgements.

What are the allocation and prioritisation rules for Rent to Buy?

Different housing providers may prioritise applicants based on varying factors such as such as giving priority to residents or workers in the local area. We therefore advise enquiring directly to find out about the specific development, property or location you’re interested in.

Are Rent to Buy properties available near me?

Ready to begin your journey to homeownership?  If you’re interested in the Rent to Buy scheme and how it could help you onto the property ladder, you can explore homes available on our property portal. Start searching for homes today and take the first step with Rent to Buy or widen your knowledge of the scheme, including what it is and the associated costs right here on Share to Buy.