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Rent to Buy

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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 at the moment, because it’s too hard to save for a deposit.

How it works

It’s a simple idea, Rent to Buy lets you rent now, buy later! The scheme allows you to rent a brand new home with a tenancy agreement, at a reduced rate (80% of local market rent) for five years, giving you the chance to save for a deposit. After the 5 years expires, Open Door will offer you the opportunity to buy the home you’ve come to know and love.*

If you’re able to save a deposit before your five years are up, you may be able to buy a percentage of your home through Shared Ownership.

We’re more than happy to go through all of your buying options with you at any time. If you have any questions, please get in touch with a member of our team on 0333 0044 777.

*Rent to buy tenancies will be let as ‘Assured-Shorthold Tenancies’ on an initial 12-month term. The AST will be renewed dependant on zero tenancy breaches relating to rent payments, anti-social behaviour & condition of property. Please note, due to funding regulations, Halton Housing cannot sanction any outright sale of Rent to Buy homes to customers within the initial five year letting period. 

Affordability, credit checks and employment/landlord references will be carried out.  *Further calculations will be made if ‘living at home’ is selected.

Please see below for further details on how to apply.

Rent to Buy

Who can apply?

You’re able to apply for a Rent to Buy home if:

  • You’re a first time buyer or don’t own a property
  • Your household income is under £60,000 per year
  • Your monthly disposable income is no more than £2500
  • Your monthly disposable income is no less than £850 per couple and £500 per single person
  • No more than £3,999 in savings
  • You have a good credit rating, with no CCJ’s or bankruptcy’s
  • No unspent criminal convictions or anti social behaviour orders

If you meet the above criteria, please complete a Rent to Buy application form here.

Request an Application Form

 

You will then be referenced via a third party company. They will carry out a credit check and further assessments to ensure you are eligible. 

Features and Benefits

Features:

  • Pay 20% less rent (you will only pay 80% market rent)
  • Rent a brand new home until you can buy it
  • May be able to buy on a Shared Ownership basis within 5 years

Benefits:

  • Save on rent payments, meaning you can start saving
  • Buy the home you have grown to know and love
  • Become a home owner in 5 years
  • Make your house a forever home
new home

Finding a Rent to Buy Home

Use the search function on our website to find our Rent to Buy homes.

If you think you match all the above criteria and would like to apply, please request an application form and a member of our team will contact you. Please note, Further calculations will be made if ‘living at home’ is selected.

Updates on available properties will appear here with the application form when we have Rent to Buy homes available.

View our new build developments
Rent to Buy

“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.”

Leeanne Spencer

“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!”

Dominic, Eccles

“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”

Dennis, Widnes

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Open Door
Price Range:
Size SQ FT:
Bedrooms:

1 to 5 bedrooms

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Book a Viewing

To find out more about this property, get in touch! Our friendly and helpful team would be more than happy to answer all of your questions. To get in touch, simply complete the below contact form. 0333 0044777

To book a viewing of this property or to find out more details get in touch with a member of our helpful team. You can contact the team by filling in and submitting the below enquiry form. 0333 0044777

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