Rent To Buy Uk Government May 2026

The 20% savings are intended to be set aside as a deposit for purchasing the home.

You generally need a good credit history, free from serious issues like CCJs. rent to buy uk government

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: The 20% savings are intended to be set

Known as London Living Rent , where rents are set at roughly one-third of average local household incomes. rent to buy uk government

You must demonstrate you can afford the rent while simultaneously saving for a deposit.