Rent to Buy: pay lower rent to save for a deposit
How the scheme works
You apply to rent a property that is in the scheme. If you’re considered eligible, and the property is still available, it will be offered to you.
Your initial tenancy agreement will be for up to 2 years. After that, if you need more time to save for a deposit, your landlord may agree to extend your tenancy.
If you do not pay your rent on time and follow the terms of your tenancy agreement, you may not be allowed to stay in the scheme.
You can buy a home as soon as you’ve saved enough deposit and can get a mortgage.