Coming Soon!!
A mixture of 1 and 2 bedroom flats available on Rentplus scheme which offers aspirational home owners an affordable opportunity to purchase their own home through a combination of affordable rents and a 10% gifted deposit. Rent. Save. Own.
Features include open plan kitchen, diner/lounge, bathroom with shower over bath and WC on the ground floor, 2 bedrooms (1x double and 1x single)
What is Rentplus?
Rentplus is new type of affordable housing aimed at people who aspire to home ownership. Each Rentplus property will be on the scheme for an agreed period of between 5 and 20 years. When your property reaches the end of the agreed period you will be given the opportunity to buy your home. Rentplus will also give you a deposit of 10% of the value of your home as a gifted deposit to add to your own savings. Initially, you will be given a five year tenancy, and this will be renewed every five years until the property reaches the end of the agreed period.
What is the Criteria?
Applicants will need to meet the following criteria
• You must be ready to purchase by the end of your lease term
• You must be working
• You must have enough income to pay for your rent and bills whilst saving for a deposit
• You will need to be able to get a mortgage at the end of the term
• Minimum household of 1 person, maximum 4 persons
• Have lived in the local area for at least 3 of the last 5 years
• Have a permanent job in the local area for more than 16 hours per week (for at least 3 months)
• Have a good credit history
Please Register your interest now and we will be in touch once applications open
