Plot 31 - Harrop Mews
Rent to Buy - Four bedroom detached family home with detached garage
Plot 32 - Harrop Mews
Rent to Buy - Four bedroom detached home with integral garage
Plot 79 - St Marys Field
Rent to Buy - Three bedroom semi-detached home
Plot 80 - St Marys Field
Rent to Buy - Three bedroom semi-detached home
Rent to Buy
At WDH we know that saving for a home can be difficult and sometimes feels completely out of reach. Our Rent to Buy scheme gives you the opportunity to eventually buy a home in the place you want to live.
What is Rent to Buy?
Rent to Buy is a government backed scheme which has been designed to ease the transition between renting to buying a home.
You can rent your brand new home for up to 5 years with the option to buy it during that time.
During the five years you will pay subsidised rent which is 80% of local market rent levels. This allows working households an opportunity to save for a mortgage deposit with the money saved on lower rent payments.
Your rent will be 80% of the current market values for 5 years.
Homes available with the Rent to Buy scheme can either by purchased outright or bought with the Shared Ownership scheme.
If you decide to buy your home via the Shared Ownership scheme your working household must meet Shared Ownership eligibility, affordability and sustainability criteria.
Who can apply?
To be eligible for the scheme you must:
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be 18 years or over;
be a working household in full or part-time employment
Be a first-time buyer or returning to the market after a change in circumstances
Have a total household income of less that £80,000 and currently unable to secure a mortgage due to lack of deposit
Be able to demonstrate you can pay rent and save for a deposit at the same time. Must not be claiming Housing Benefits
This is a route to home ownership so it’s important to work toward this during your tenancy period
How do I apply?
If you are interested in buying a home through the Rent to Buy scheme, please email our Sales Team at homebuy@wdh.co.uk