Also known as ‘Rent to Save’ or ‘Intermediate Rent’, the Rent to Buy Scheme is for those who feel a mortgage is out of reach, because it’s too hard to save for a deposit.
We introduced Rent to Buy, a new scheme which sees you pay a reduced rent so that you can start saving to buy your lovely new home. Rent to Buy helps you on your journey to homeownership, by offering rent at 80% of the market value.
It’s a simple idea, Rent to Buy lets you rent now, buy later! The Rent to Buy Scheme allows you to rent a brand-new home with a short hold tenancy, at a reduced rate (80% of local market rent) for up to five years, giving you the chance to save for a deposit. After your 5 years are up, Open Door offers you the opportunity to buy 100% of the home you’ve come to know and love so much.
If you’re able to save a deposit before your five years are up, you can make an offer. Or, you may be able to buy a percentage of your home through Shared Ownership.
We’re more than happy to go through your home ownership options with you at any time. If you have any questions for us, please get in touch with a member of our team.
You’re able to apply for a Rent to Buy home if:
Before you can purchase a Rent to Buy home, you will need to fill in a Rent to Buy Application Form. Once you have filled in this form, you will know if you are eligible for a Rent to Buy home.
There are a few different ways to find an Open Door Rent to Buy home:
“I moved into my Open Door property in Widnes in February 2017 and the process to start up the tenancy was very simple and easy. We were shown around the property prior to moving in and given a very handy pen drive with all the instructions for appliances and utilities on it. Over the last 15 months the team at Open Door have been amazingly supportive, especially Claire Nedugodan, who has gone out of her way to support me with some difficult personal issues I faced. Repairs and maintenance with Open Door are also really helpful and very prompt. Overall, my experience as a tenant of Open Door has been really positive and I would be happy to recommend a home or tenure with them to any of my friends or family.”
“I found my current apartment online in summer 2017 when my partner and I decided to move in together to save for a wedding and a mortgage. The apartment was spacious & clean when I moved in but with the need of some maintenance as the previous tenant was a little heavy handed. This was all completed within 3 weeks of moving in by Sam who always called ahead of the appointment time to confirm attendance. The online database is brilliant, I have never used one before, so this is a refreshing change that’s available for Open Door tenants.”
“Sarah and the team are amazing, they respond to all texts, emails and phone calls within 48 hours with a response. We’re so happy here and have no intention of moving!”
“I’ve had a pleasurable experience with Open Door throughout my tenancy. Claire dealt with my moving in process and was great, really pleasant. I would happily recommend renting an Open Door property to a friend or family member of mine”