Rent — To Buy Uk Government

You usually have the "first option" to buy the home after an initial rental period (often two years). You can buy the home outright or via Shared Ownership. Core Eligibility Criteria

Standard Rent to Buy is available everywhere except London.

You generally need a good credit history, free from serious issues like CCJs. rent to buy uk government

You must be a "working household" in full or part-time employment.

You typically rent a new-build property at 80% of the local market rate (inclusive of service charges). You usually have the "first option" to buy

You must be a first-time buyer or someone returning to the market (e.g., following a relationship breakdown).

The "Rent to Own Wales" scheme is currently closed to new landlords, though some existing properties may be available. You generally need a good credit history, free

The 20% savings are intended to be set aside as a deposit for purchasing the home.