Rent to buy
Content owner : newbusiness@knh.org.uk Last updated : 08/05/2013
About the scheme
This is a scheme that helps make home ownership more affordable.
The scheme will:
- Give you the opportunity to rent a newly built home that you can buy after three years of being a tenant
- Help you build a deposit towards the purchase price of the home by "saving" 50% of the rent you pay towards the purchase price of the home. (maximum savings of 10% of the purchase price)
- Charge an affordable rent – to be set at 80% of private market rent
- Let you rent the home as an "assured shorthold" tenant, which will determine your rights as well as your responsibilities.
- Allow you to rent for longer, if you aren’t ready to buy after three years.
* Read more about the things you will need to know about Renting privately (PDF)
Who is eligible
You are eligible to apply if you can answer YES to ALL the following statements:
- Have lived or worked in Kirklees for more than 12 months.
- Employed (Including self employment)
- Cannot afford to buy a home without help
- First time buyer*
- Have a total household income of between £15,000 and £60,000**
* The exception to this is if you have to move out of your matrimonial home due to relationship break down and you can not afford to buy a new home without help.
**Income thresholds for eligibility vary between developments. Please check specific development requirements.
Available developments
-
Mirfield, 3 bedroom house
The eligibility income threshold for this development is £24,000 - £60,000. Applicants with a total household income of less that £24,000 will not be invited to the next stage of the application process.
How to apply
We have closed our application window for the rent to buy scheme.
To register your interest in future developments within the scheme, please email newbusiness@knh.org.uk giving your name, postal and email addresses and we will let you know when new developments are available.
For more information please take a look at our Frequently asked questions (PDF). If your questions are still not answered please get in touch with us. You can do this:
- By telephone on 01484 416 439
- By email at newbusiness@knh.org.uk
- By post to
New Business Team
Kirklees Neighbourhood Housing
Perseverance House
Huddersfield
HD1 6RZ
Partnership with QSH
QSH is a company that provides affordable housing without public subsidy. Some of their priorities include, freeing up existing social housing, providing an income for social landlords thereby creating sustainable communities. KNH is committed to providing quality homes and services in successful communities. Because of their shared objectives QSH and KNH have created a partnership to help deliver their common goals.
