Thinking of owning your first home but struggling to save for a deposit? Rent to Buy could be the best option for you. This scheme is designed to make home ownership more achievable for working households, giving you the chance to rent now and buy later.

What is Rent to Buy?

Rent to Buy is a government-backed scheme that helps you move into a brand-new home at a lower rent, around 20% less than the market rate. This gives you breathing space to save for a deposit while living in the home you plan to buy.

As one of Birmingham’s few housing providers offering this scheme, we’re proud to help local people take that first step onto the property ladder. It’s a way to turn your dream of owning a home into reality.

How does it work?

• Rent your new home at 20% below market rent for up to five years.
• Use the savings to build your deposit.
• After the first year, you can apply to buy a share of your home through Shared Ownership.
• At the end of five years, you can buy the property outright or move on if it’s not right for you.

We’ll talk you through the details, including the minimum share you can buy and what happens if market conditions change.

Choosing Rent to Buy

Rent to Buy isn’t just about lower rent it’s about giving you a clear path to home ownership. Here’s why it could be the right choice for you:

Start your journey today
You don’t have to wait until you’ve saved a full deposit. Move into your future home now and start building towards ownership.

Save while you live
With rent set at 20% below market rates, you’ll have extra money each month to put towards your deposit without compromising on the quality of your home.

Flexibility built in
After the first year, you can choose to buy a share of your home through Shared Ownership. This means you can take the next step sooner if you’re ready.

Security and stability
Renting through Rent to Buy gives you peace of mind. You’re not just renting you’re planning for your future in a home you already love.

Support from a trusted provider
We understand the challenges of today’s housing market. We’re here to guide you through every step, from application to moving in and beyond.

 

Am I Eligible

You’ll need to:

• Be a first-time buyer or returning to home ownership.
• Earn less than £80,000 per year (combined household income).
• Be working and pass credit checks.
• Commit to buying after five years.
• Have a household size that fits the property.

Is Rent to Buy right for you?

Saving for a deposit is tough but with Rent to Buy, you could save enough in just over two years. It’s a great way to access homes you might not otherwise afford.

How to apply

Check you meet the criteria.
Call us on 0121 748 8100 or email contactus@pioneergroup.org.uk.

We’ll guide you through the application and what documents you’ll need:

• Proof of income (payslips or accounts)
• Proof of savings
• ID and address
• Tenancy reference (if renting now)