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A Step Towards Owning Your Own Home
If you’re thinking about buying your first home but finding it hard to save for a deposit, Rent to Buy could be a great option for you.
Rent to Buy is designed to help working households take their first step onto the property ladder. It lets you rent a new home at a lower cost, giving you time and space to save towards buying it in the future.
What Is Rent To Buy?
Rent to Buy is a government‑backed scheme that allows you to move into a brand‑new home and rent it at around 20% less than the market rate.
The lower rent means you can live in the home while putting money aside each month to build up a deposit. Instead of saving while renting somewhere else, you’re already living in the home you may go on to buy.
Rent To Buy With Us
We’re one of the few housing providers in Birmingham offering Rent to Buy homes, and we’re proud to support local people on their journey into home ownership.
Our Rent to Buy homes are modern, good‑quality properties designed to give you a stable place to live while you plan for the future. We’ll support you throughout the process, from your first enquiry right through to buying your home.
How Does Rent To Buy Work?
Here’s how the scheme works in practice:
- You rent a new home at around 20% below market rent
- You can rent the property for up to five years
- During this time, you use the savings to build your deposit
After the first year, you can choose to buy a share of your home through Shared Ownership
By the end of five years, you can either:
- buy the home outright, or
- move on if it’s no longer right for you
We’ll explain everything clearly, including:
- the minimum share you can buy
- what happens if house prices or market conditions change
Why Choose Rent To Buy?
Rent to Buy isn’t just about paying less rent it’s about giving you a clear, realistic route to owning a home.
Move in sooner
You don’t need to wait until you’ve saved a full deposit. You can move into your future home now and start planning towards ownership.
Save while you live
With rent set below market rates, you’ll have extra money each month to put towards your deposit without compromising on the quality of your home.
Flexibility along the way
After your first year, you can choose to buy a share through Shared Ownership if you’re ready to take that step sooner.
Stability and peace of mind
You’re not just renting you’re living in a home with a long‑term plan, knowing where you’re heading.
Support from a trusted provider
We understand how challenging the housing market can be. We’ll guide you through every stage, from application to moving in and beyond.
Am I Eligible For Rent To Buy?
To apply, you’ll need to:
- be a first‑time buyer or returning to home ownership
- have a combined household income of £80,000 or less per year
- be in work and able to pass credit checks
- commit to buying the property after five years
- have a household size that matches the property
Is Rent To Buy Right For You?
Saving for a deposit can feel overwhelming, but with Rent to Buy, many people are able to save enough in just over two years.
It’s a practical way to access homes that might otherwise feel out of reach while giving you time, stability and support to plan your next step.
How To Apply
Take a look at the eligibility section above to make sure Rent to Buy is right for you.
Call us on 0121 748 8100 or email contactus@pioneergroup.org.uk
We’ll talk you through the application and let you know exactly what you’ll need, including:
- proof of income (such as payslips or accounts)
- proof of savings
- photo ID and proof of address
- a tenancy reference (if you’re currently renting)
