Rent to HomeBuy

At Urban Splash we’ve got a great track record in offering Government backed schemes that help our customers into home ownership and this month we’re launching Rent to HomeBuy. 

Rent to HomeBuy is a Government initiative. It helps you into home ownership by allowing you to purchase an affordable share in your own home with the option to buy additional shares in the future taking you into outright ownership. Or you can rent at 80% market rent with a view to purchasing at any point within the next five years. 

Am I eligible?

The good news is that it’s available to a really broad audience, the main criteria being that: 

• That you/your household has an annual income of less than £60,000
• You are in full time employment
• You currently own no other properties.

The Buy Option 

Under Rent to HomeBuy, you can buy anything from 25% to 75% of the property, renting the remaining share at 2.75% per annum. Urban Splash wants to help our customers further, therefore those opting to buy straight away will benefit from a contribution of up to £1,000 legal fees, the cost of your valuation paid and a 12 month holiday on the first year's rent*.

The Rent Option

 “Try before you buy” and rent an apartment at just 80% of the market rent with prices from £400 pcm**, giving you some room financially to save up for a deposit. If you take this option, you can purchase at any point within five years. 

Anything else…

Homes will be available through Rent to HomeBuy in our award winning Chips building, Manchester, 3 Towers, Manchester and Mills Bakery, Plymouth. To find out more and register your interest just pop your details on the form below and a member of our sales team will be in touch.

For more information this and other affordable housing and first time buyer schemes with Urban Splash click here.

Disclaimer: Prices based on a 50% share. 

* Incentives up to a maximum of 5% of purchased share.

** Based on 80% of market rent.