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Do You Qualify for Rent to Buy?

Find out in 2 minutes with our simple quiz!

Esteem Homes is here to help people find an affordable path to home ownership. Our Rent to Buy program makes owning a home easy, flexible, and within your reach.

  • Start with Just 5% Deposit

  • Flexible Payment, Build Ownership

  • Secure Your Future Home

TAKE THE QUIZ

Take the first step towards owning your dream home

Easy process, complete in as little as 2 minutes.

Start with just a 5% deposit to make your dream home affordable.

Secure your future home today and start building equity while renting.

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What is Rent to Buy?

Rent to Buy is a housing scheme that offers a pathway to homeownership for those who want to own a home but may not be able to do so immediately.

With Rent to Buy, you have the opportunity to rent a property for a fixed period, while simultaneously saving money towards owning that property in the future.

You rent a property for 1 year. This can be negotiable. During this time, you have the chance to save for a deposit and improve your financial situation.

The goal is to transition from being a tenant to becoming a homeowner by purchasing the property you have been renting at the end of the rental period.

Some of Our Past Reviews

Exceptional Living and Outstanding Support

Part exchange to assist a homeowner move in to their new property.

"After residing in our new home for two years, we are pleased to express our strong satisfaction with our current living situation. The residences exhibit notable efficiency, significantly influencing our cost of living positively.

We must commend the exceptional after-sales support we've received. The builders have displayed a remarkable commitment to ensuring customer satisfaction, often going to great lengths.

We wish to extend our appreciation to Bradley and the sales team for their diligent efforts in maintaining communication”
Dave Thomas

Smooth, Stress-Free Move

Part exchange to support a couple move quickly and efficiently in to their new property.

“We have been in our new home just over 2 weeks and cannot thank Bradley enough for such a smooth and quick transition.

We set eyes on the property we wanted in the middle of September 2023, and by the end of January 2024, we were moving in.

Having the keys to our old homes for a week to move made such a huge difference. Everyone says moving home is one of the most stressful milestones in life, but for us, it wasn’t!”
Dawn Walker

Quick and Seamless Home Purchase

Part exchange, with exceptional support throughout the process, to assist in buying their new home.

"We’ve just bought our home with Esteem Homes – the whole process was quick and smooth. Bradley was always on hand to answer any questions and help as best he could with the process!

Esteem Homes is definitely the best agency we’ve dealt with in the area when looking at houses – responsive and accommodating with viewings to suit our working hours.

Thanks for all your help, Bradley"
Iesha Duke

1. See if you qualify

Click the button below and complete the quick 60-second form. Ensure your contact details are accurate so we can reach you.

2. We will contact you

Once your form is submitted, one of our team members will call to gather a few more details about your inquiry.

3. Start renting

Once we confirm the details and you’re satisfied with the offer, you can start renting and working towards ownership.

How Does Rent to Buy Work?

  • Move into your desired home with no initial deposit. Esteem Homes offers you the chance to rent at a reduced rate, making it more affordable from day one.
  • Over the next 12 months, you’ll be renting at a discounted rate, which makes it easier to save towards a deposit comfortably.
  • After 8 months, start preparing for your mortgage application-- it typically takes around 3 months to complete.
  • After 12 months, with your 10% deposit saved, you’ll be ready to buy your home and take the step into homeownership.

Why Choose Rent to Buy?

  • No Upfront Deposit Required You can move in without needing an upfront deposit, making it accessible for those who aren’t yet ready to commit to a traditional mortgage.
  • Affordable Monthly Payments Enjoy lower-than-market rent, giving you the flexibility to manage your finances comfortably while saving for a future deposit.
  • Live in Your Future Home Today Experience the home you’ll eventually own. Unlike other programs, Rent to Buy allows you to enjoy your dream home right away, without the wait or the uncertainty.
  • A Clear Path to Ownership Renting with no end in sight can feel frustrating. Rent to Buy provides a defined pathway to homeownership, allowing you to work towards a tangible goal—owning your home.
  • Tailored Support Along the Way Esteem Homes offers personalised support throughout the Rent to Buy process. From saving tips to help with your mortgage application, we’re with you every step of the way.
  • Build Equity from Day One With Rent to Buy, your rent isn’t just an expense—it’s an investment. A portion of your rent goes towards building equity, meaning every payment brings you closer to owning your home, rather than just paying a landlord.
  • Dedicated Home Buying Advisor
  • Tailored Financial Planning Assistance
  • Mortgage Application Guidance
  • Flexible Viewing and Move-In Scheduling
  • Exclusive Rent-to-Buy Opportunities

"Rent to Buy makes it easier for families to own their own home.

It’s amazing to help people take that first step toward their dream.”

Bradley Dewhurst

Esteem Homes Sales Manager

FAQs

  • Rent to Buy is a housing scheme designed to help people rent a property at a reduced rate while saving up to eventually buy it. You start by renting for a period, typically one year, at a lower cost, and during that time you save money to build up your deposit. At the end of the rental period, you have the option to buy the home you've been living in.

  • Rent to Buy is for people who want to own a home but may not have the full deposit saved or are not ready for a mortgage yet.

    It’s ideal for first-time buyers, those with a steady income but limited savings, and people who want to work towards buying a home while living in it.

  • The scheme works in three main steps:

    1. Rent at a Reduced Rate: You start by renting your desired property at a lower-than-market rent for a fixed period, typically 12 months.
    2. Save for Your Deposit: During this rental period, you can save towards the deposit you will need to buy the home.
    3. Purchase the Home: After the rental period, you can use your savings to put down a deposit and apply for a mortgage to purchase the home.

  • No, you do not need an upfront deposit to start renting with the Rent to Buy scheme. Instead, you focus on saving while renting at a reduced rate.

  • Typically, you need to save about 10% of the property value during the rental period. The reduced rent makes it easier to put money aside each month, gradually building up your deposit.

  • The typical rental period is 12 months. After that, you have the opportunity to buy the home you’ve been renting.

    Some schemes may offer flexibility, but generally, 12 months is the target time to transition into ownership.

  • If you decide not to buy, you can either continue renting on new terms, depending on the property owner’s conditions, or move out.

    There is no obligation to buy if your circumstances change, but you will not recover rent payments towards ownership.

  • Rent is typically set at a lower-than-market rate, which makes it affordable and allows you to save for a deposit. The exact amount varies depending on the property and location, but it is designed to be more manageable than traditional renting.

  • Rent to Buy allows you to live in your future home today, giving you time to save for a deposit while renting.

    It also offers lower rent costs, no upfront deposit, and provides a clear path to ownership, especially for first-time buyers.

  • Since you are initially renting the property, making significant changes like renovations will usually require permission from Esteem Homes. Small changes or decorations are often allowed, but it’s best to check beforehand.

  • Yes, there is typically a credit check involved, but the requirements might be more flexible compared to a traditional mortgage.

    The idea is to ensure that you can afford the rent and will be able to save towards buying.

  • Rent to Buy is often available for new-build properties, as these homes are commonly reserved for such schemes.

    However, some existing homes may also be part of a Rent to Buy program, depending on the provider.

  • Esteem Homes offers personalised support through every step of the process.

    This includes help with financial planning, mortgage application guidance, and general assistance to make sure you’re prepared to become a homeowner at the end of your rental period.

  • In most cases, you need to complete the 12-month rental period before purchasing, as this time is intended to help you save and prepare financially.

    However, you can discuss this option with Esteem Homes to understand any possible flexibility.

  • To apply, you need to complete our simple quiz to check if you qualify.

    If you’re eligible, one of Esteem Homes' team members will reach out to guide you through the process and get you started.

  • If your financial situation changes, Esteem Homes will work with you to find a solution.

    This could include adjusting your savings plan or exploring other options. The aim is to keep you on track towards ownership, but there are no penalties if circumstances change beyond your control.

  • Yes, having a steady income is important to qualify for Rent to Buy, as you will need to afford the rent and also save for the eventual deposit.

    This scheme is designed to help those who are financially stable but may not have large savings.

  • Rent to Buy allows you to rent and save towards purchasing the entire property, while Shared Ownership involves buying a portion of the property and paying rent on the rest.

    Rent to Buy gives you more time to save for a deposit while enjoying lower rent.

  • Yes, Esteem Homes provides mortgage application support when you’re ready to buy.

    This includes advice on lenders, preparing necessary paperwork, and helping you understand your options, so the transition from renting to owning is smooth.

  • If you need more time, you can discuss extending the rental period with Esteem Homes.

    While the goal is to transition to ownership after 12 months, we understand that individual circumstances vary, and we aim to accommodate our renters where possible.