You may be eligible for Rent to Buy and Intermediate Rent if you have a household income of less than £80,000 and are not currently a homeowner.
The scheme is available to anyone, as long as you meet the eligibility and affordability criteria.
Serving MOD personnel, some ex-MOD personnel and bereaved partners will have priority to rent with the scheme. This means this priority group will have an opportunity to reserve a home first, however all Rent to Buy and Intermediate Rent homes are offered on a first come first served basis, unless stated otherwise.
An affordability test will be used to check you can afford the monthly rental payments, whilst taking into consideration living costs such as utilities bills and other expenditures.
You must also demonstrate the ability to save towards a deposit whilst benefitting from a lower monthly rent, enabling you to buy a share in the home later if you are renting on a Rent to Buy basis, or enter into home ownership with another property later on.