Is it for me?

The Rent to Buy scheme (sometimes known as Try Before You Buy) allows you to live in your new home while you save up for a deposit towards a mortgage. The rent is usually set at 80% of the open market rent for the property. You'll have the first option to buy the property at any time during the tenancy, or at the end.

The property would be let to you on an Assured Shorthold Tenancy agreement, for a period of up to 5 years. At the end of the tenancy agreement your situation will be reviewed and reassessed. If you can afford it, you can buy part of the property on Shared Ownership scheme terms. You'll need to be able to pay for at least 25% of the property through savings and/or a mortgage. More information about the Shared Ownership scheme terms.

If we find that you can't afford to buy a share of the property, your landlord will review your tenancy. Please note that there's no guarantee that it will be renewed.

Use our Find a Property page to find Shared Ownership schemes in your area.