Earlsbrook
Nestled on the boundary of the tranquil Delamere Forest, a collection of 3 - 5 bedroom homes built on historic former regal land, available exclusively with Rent to Buy. Rent to Buy homes at Earlsbrook offer a unique opportunity for those looking to take their first step onto the property ladder, by offering reduced rents when compared to renting privately, to help you save towards a deposit to buy your first home.
Introducing Rent to Buy from L&Q
Rent to Buy (RtB) is a government scheme designed to transition you from a renter into a homeowner. The rents are often priced at 80% of a similar property on the open market. The savings you make on the discounted rent can then be used towards a deposit for your first home.
Rent to Buy lets you:
Rent a home at a lower price compared to renting privately
Save faster towards a deposit to buy your own home
Rent the homes you want to buy
Buy a share of your home through Shared Ownership, or on the open market with L&Q within 5 years**
Prices from:
3 bedroom homes from £1,054 PCM
4 bedroom homes from £1,360 PCM
5 bedroom homes from £1,700 PCM
To rent a home through Rent to Buy with L&Q, you must:
Be a first-time buyer
Be in full-time employment
Have the right to rent - proven by possession of British/EU/EEA Citizenship or a valid UK residency visa
Meet the minimum income and affordability standards - this will depend on the price of the home you are interested in. Minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments
Minimum income for a 3 bed is £33,000, 4 bed £40,000 - £47,000 and 5 bed £49,000 -£56,000 based on a single application
Minimum income for a 3 bed is £32,000, 4 bed £37,000 - £42,000 and 5 bed £45,000 - £51,000 based on a joint application
Have the intention to purchase a home at the time of application
You must not:
Own any other residential home in the UK or abroad or be in the process of buying a property
Have an adverse rental history, this includes rent arrears or damage to a property
Have a history of bankruptcy, defaults which include late payments, county court judgments (CCJs) or Individual Voluntary Agreements (IVAs)
*Please note minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments.
**Shared Ownership eligibility criteria on your Shared Ownership home, L&Q cannot guarantee you will meet future affordability requirement should you wish to buy a Shared Ownership home.
***Images are of the show home at Earlsbrook and are for illustrative purposes only.
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