You must demonstrate you can afford the rent while simultaneously saving for a deposit.
You must be a first-time buyer or someone returning to the market (e.g., following a relationship breakdown).
You generally need a good credit history, free from serious issues like CCJs. rent to buy uk government
The 20% savings are intended to be set aside as a deposit for purchasing the home.
Known as London Living Rent , where rents are set at roughly one-third of average local household incomes. You must demonstrate you can afford the rent
While the standard scheme has no national maximum income, specific variations like London Living Rent (for London residents) apply an income cap, currently £67,000 . Regional Variations The scheme operates differently across the UK:
You typically rent a new-build property at 80% of the local market rate (inclusive of service charges). The 20% savings are intended to be set
You usually have the "first option" to buy the home after an initial rental period (often two years). You can buy the home outright or via Shared Ownership. Core Eligibility Criteria