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.
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.
You’re able to apply for a Rent to Buy home if:
If you meet the above criteria, please complete a Rent to Buy 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:
Benefits:
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 fill in our online Rent to Buy application form and a member of our team will contact you.
Please note, we are no longer accepting any Rent to Buy applications on either development as we have allocated all homes or we are at the final referencing stage with people moving in soon.
Updates on available properties will appear here with the application form, or you can show your interest by contacting us and leaving your details at hello@opendoor-properties.co.uk
View our new build developments
