Rent-to-buy is a government scheme which allows you to rent a property for up to five years while paying a reduced rent. 

How do I apply?
  • Check our website for available properties and register your interest 
  • When a suitable property becomes available we will carry out an affordability assessment with you
  • Applicants who pass the assessment will be invited along to view the property (appointments will be during office working hours only and you will need to bring along photo ID)
  • Prior to your viewing you will be emailed a copy of our application form to complete and bring along with you to your viewing. You will also need to bring along a copy of your most recent credit report


Should I do it?
  • If you are eligible, it really depends on the property, Hightown’s offer and whether you will take advantage of the reduced rent to save up for a deposit
  • This scheme may give you access to properties you otherwise wouldn’t be able to afford and while renting, you are dealing with a social landlord, which may offer you an extra feeling of security
  • House prices can go up and down so while you are renting, they might rise beyond your reach - a longer rental period puts you at greater risk of this
  • If you goal is to eventually buy the property, Hightown can put you in touch with an independent mortgage adviser who will advise you how much this would cost in monthly repayments
  • Don’t forget there are the costs of buying a home to factor in too, such as removal costs, mortgage fees and legal fees
  • When you have lived in a newly built home and formed community networks, it can be an advantage to buy the property you have been renting rather than moving - the upheaval involved when moving home can be very stressful
  • If you already have a deposit saved and think you might be in a position to buy through Shared Ownership, call 01442 292381 or visit for more information
Am I eligible?

You are eligible if:

  • Your household earns £80,000 or less.  A household can be one person, or you and a partner or you and a friend
  • You are a first time buyer, or you used to own a home but cannot afford to buy one on the open market now
  • You have a good credit history
  • You have, and can demonstrate, a savings plan

Priority will be given to those in housing need, social housing tenants vacating a property, members of the armed forces and first time buyers

How does Rent-to-buy work?
  • Homes are made available to rent with an assured shorthold tenancy at a reduced rate of 20% less of local market rents
  • As you are paying less rent this gives you the chance to save for a cash deposit so you can apply to buy a share of the home later
  • After the shorthold has ended, you can purchase the property on Shared Ownership terms, or move out
  • This assured shorthold tenancy period can be anywhere between a minimum of six months and a maximum of five years, giving you varying levels of security and time to save
  • Be aware there is very limited availability under this scheme