Saving for a deposit takes time, especially when you’re already paying rent. Rent To Buy is designed to give you a helping hand, allowing you to rent a home at a reduced rate while putting more money aside towards buying a property in the future.
Lower monthly charges on rent mean that you can enjoy more time to plan ahead saving for your next goals and targets.
A lower charge on rent can help towards building a large enough deposit to help you reach the goal of homeownership.
This scheme provides a clear path toward total homeownership, making it more realistic and achievable than other options.
For those who are getting their first steps onto the property ladder, this scheme gives first-time buyers the time to prepare for a mortgage application and gather any deposit required.
Perhaps the most important and often overlooked advantage is that you continue to benefit from living in a home you love, all while planning for the next steps ahead in life.
Rent To Buy isn’t right for everyone but it could be a great option if you’re struggling to save for a deposit while paying private rent. This scheme could work for you if:
You’ll move into a Rent To Buy home and pay a reduced rent, typically around 20% below the local market rate.
Because your monthly rent is lower, you’ll have more opportunity to put money aside for a fuiture deposit, helping bring homeownership within reach.
During our tenancy, which is typically around five years, you’ll have the opportunity to build your savings and prepare for homeownership.
As you get closer to the end of the scheme, we’ll help you understand your options and plan your next steps.
When you’re ready, you’ll have the opportunity to purchase the property or move on to buy another home, depending on the property. We’ll explain your options clearly before you apply, so you always know what to expect.
Saving for a deposit can feel like a challenge but Rent To Buy has helped many customers take their first step towards homeownership.
Hear how the scheme worked for them and how Redwing supported them along the way.
Browse available Rent To Buy homes across Liverpool and the North West.
With Rent To Buy, you rent first and buy later. With Shared Ownership , you buy a share of a home straight away and pay rent on the remaining share. Both are designed to majke homeownership more accessible, but they work in different ways.
For Rent To Buy enquiries, our team is here to help support you and answer any questions you have about the scheme and whether it is right for you.
