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Rent to Buy: How the government can help you buy a home

Ease the transition of renting to buying a home. Read our guide to find out more about the Rent to Buy scheme and if it's right for you.

The Basics

  • Rent to Buy is a government scheme designed to ease the transition from renting to buying a home by providing subsidised rent
  • With Rent to Buy, you rent a newly built home at approximately 20% below the market rate for up to five years (exact period of time varies by property)
  • Can also be called Rent to Save or Intermediate Rent
  • During that time period, you have the option to buy the property or to buy part of the property under a Shared Ownership scheme
  • When you get to the end of the time period, you either have to buy part of the property or leave

How does it work

  • Homes are made available to rent with a shorthold tenancy at a reduced rate of 80% less of local market rents
  • The expectation (although not obligation) is that this shorthold period of paying less rent gives you the chance to save for a cash deposit so you can apply to buy a share of the home later. After the shorthold has lapsed, you can purchase the property on shared ownership terms, or move.
  • Typically, a lease period will last anywhere from six months to 5 years, depending on the property in question
  • You are free to make an outright offer, or look into a part rent part buy scheme, at any time during your lease
  • Different housing associations use different names, such as Try Before You Buy, Rent Save Buy, Rent to Own, Intermediate Market Rent and more – so check the terms of what you are being offered by a housing association before signing up
  • Be aware there is very limited availability under this scheme.  The exact number varies by local authority

Am I eligible?

You are eligible if:

  • Your household earns £60,000 a year or less (or £64,300 if you are looking at homes in London). A household can be one person, or you and a partner or you and a friend
  • You are a first time buyer, or you used to own a home but can’t afford to buy one on the open market now
  • You have a good credit history

But, to make it more complicated, there are further eligibility criteria, which differ depending on the housing association the property is offered through.  Priority is normally given to certain groups such as existing housing association tenants and council tenants, people that fit with local priorities, as well as first time buyers. Check whether you qualify with your local Help to Buy agent.  If you live in London, you will need to contact the Mayor of London’s first steps to home ownership website First Steps website.

Should I do it?

  • If you are eligible, it really then depends on the property, the housing association’s offer and whether you will take advantage of the reduced rent to save up for a deposit. The offer is so varied from one housing association to another, you really need to read the small print of what is being offered before weighing up if it will be beneficial for you
  • On the plus side, this scheme may give you access to properties that you otherwise wouldn’t be able to afford. You are also dealing with a social landlord, which may offer you an extra feeling of security
  • One down side though is that if house prices rise during the period you are renting, they might rise beyond your reach. A longer rental period puts you at greater risk of this
  • If you are looking at signing up and eventually buying the property, check with an independent mortgage adviser first and price up how much this would cost you in monthly repayments and ask whether they are happy to lend against properties within the Rent to Buy schemes. Don’t forget there are the costs of buying a home to factor in too

How do I do it?

  • First, you must register with your local Help to Buy agent. They will assess your application and tell you if you are eligible and add you to their database.  This is worth doing as they may contact you directly if a suitable property becomes available.
  • You should also be proactive and browse for properties on your local Help to Buy agent’s website
  • Find a property you like the look of and ring the number on the advert to check your eligibility
  • And take it from there. But remember, we’re on your side. So let us know how you get on.


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  1. Is rent to buy available in Scotland?

    Comment by Marie — April 22, 2017 @ 4:54 pm

  2. Hi I’m currently in a rent to buy property I would like to buy, but my housing association is saying they don’t have a process in place, my five years is almost up, they are not providing me with any details I have good credit, can they just pull out of this arrangement by not providing me with any costs or procedures?

    Comment by Kayla — April 4, 2017 @ 12:04 am

  3. Dear Jason,

    In order to find a property through this scheme you must first register with your local Help to Buy agent. They will assess your application and tell you if you are eligible and add you to their database. This is worth doing as they may contact you directly if a suitable property becomes available. Here you can: Find your local Help to Buy agent. Do consider becoming a member and we can assist through the various stages of buying, and you would get a 10% discount on solicitor fees, here you can: Become a member of the HomeOwners Alliance for £45.

    Best wishes,

    HomeOwners Alliance

    Comment by Sophie Khan — March 16, 2017 @ 12:27 pm

  4. Hi my name is Jason Louis and I am interested in the rent to buy scheme in order to obtain a 2 bed property in east london

    Comment by Jason louis — March 16, 2017 @ 10:44 am

  5. Please i need a minimum of 3 bedroom on rent to buy scheme in Birmingham or Northampton to be able to save towards mortgage.
    Kind regards.

    Comment by dan — January 21, 2017 @ 6:41 am

  6. hi im looking to rent a three or four bedroom house and then to buy in bolton i have an income of 400 pound a week with having very bad credit scoring it makes it difficult to obtain a mortgage would i be eligible to rent to buy.
    kind regards,

    Comment by zia choudhury — April 8, 2014 @ 11:31 pm

  7. hi

    me and my partner are looking into the rent to buy scheme so we can save a deposit to buy a property, we are first time buyers, how do i go about signing up ? we live in yate and not sure who our help to buy agent is in yate? or how we go about applying to the rent to buy scheme?


    Comment by Emma Williams — March 30, 2014 @ 8:16 pm

  8. hi im lookin for a 3bedroom hous rent to buy in Rochester can you help me please.Many thanks and regards

    Comment by jeff — March 29, 2014 @ 10:33 am

  9. Hello, I am looking for rent to buy in Barking and Dagenham can you help pls
    Many thanks and regards

    Comment by Jasminder — February 27, 2014 @ 10:54 pm

  10. Hello Sir,
    I’m looking for rent to buy in Lewisham or south east london thanks a lots.

    Comment by Brahim — February 25, 2014 @ 1:39 pm

  11. Thanks for the information! Such affordable home ownership schemes help people a lot to make their first step when purchasing their own property. I know that there is Help to Buy scheme that helps first-time buyers to purchase their firs home and they need to contribute at least 5% of the property price as a deposit. It’s really great. Also there are shared ownership schemes that can be provided through housing associations. This way people buy a share of their home that is between 25% and 75% of the home’s value and then pay rent on the remaining share. People should read more information about such schemes as they help a lot.

    Comment by Brittany — February 20, 2014 @ 2:55 pm

  12. We took up a rent to home buy property from Sovereign on what we were told was a 3 year contract to purchase a share after that date. When we came to enquire about to purchase our share we were told we couldn’t because house prices had dropped and we have to now keep an eye on house property prices in the area. They have said the house is not worth what they want and won’t sell until it reaches the price.

    Comment by Mark Howell — January 14, 2014 @ 8:30 pm

  13. How can I rent to buy while my credit status is being repaired.

    Comment by Ola — January 9, 2014 @ 2:03 pm

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