Guidance

Rent to Buy 2015 to 2017: prospectus

This prospectus invites applicants to bid for up to £200 million of recoverable loans to support building of fixed term affordable homes between 2015 and 2017.

From:
Homes and Communities Agency and Ministry of Housing, Communities & Local Government
Published
26 September 2014
Last updated
21 December 2015 — See all updates

This publication was withdrawn on

Activity under this programme has now ended, please refer to The Homes and Communities Agency’s Funding Programmes page for details of current initiatives.

Applies to England

Documents

Rent to Buy 2015 to 2017: Bidding Prospectus

PDF, 368 KB, 17 pages

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Rent to Buy: supplementary information

PDF, 210 KB, 2 pages

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Submitting Rent to Buy Offers in IMS

PDF, 1.46 MB, 59 pages

Rent to Buy Facility Agreement template

PDF, 770 KB, 59 pages

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Details

The prospectus sets out the detail of the funding and bidding process of the Rent to Buy scheme. Funding is available for schemes outside of London.

Bidders have the flexibility to repay the loan at any time but must retain and let the homes at affordable rent for a minimum of 7 years post completion. They must also repay the loan no later than 16 years after construction of the funded homes.

Following the Government’s Autumn Statement (November 2015) the Rent to Buy programme has now closed to new applications. This page will be updated with further information as it becomes available.

Published 26 September 2014
Last updated 21 December 2015 + show all updates

  1. The programme is now closed

  2. Rent to Buy Facility Agreement template added

  3. Supplementary information added

  4. Added supplementary information

  5. Guidance on submitting Rent to Buy offers in IMS added.

  6. First published.