Rent to Buy

Could Rent to Buy be the right option for you?

See our latest Rent to Buy properties
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Are you looking to own your own home but don’t have a deposit saved?

With Rent to Buy, you rent a home from us, and receive all the same support that our other renting tenants do. The scheme will assist you in saving funds which could be used towards helping you become a homeowner.

We rent out Rent to Buy homes at 80% of the market rent, allowing you to save and purchase your home. You’ll be on a one-year fixed-term tenancy over five years, after which dependent upon your circumstances you’ll have the option to purchase the home or convert to a shared ownership.

We’ve filmed a video and pulled together frequently asked questions which will help you decide whether Rent to Buy is an option for you.

Rent to Buy homes available

Ellerton-front

The Ellerton – A two-bedroom end terraced home in Harworth, Doncaster

This home features a large window to the front of the lounge, allowing lots of natural light. This property type features a two-tiered garden with a patio area and lawn. The main bedroom features an en-suite, and there is a family bathroom with a downstairs toilet. This property also comes with a parking space and an EV charging point. There are two of these properties available.

£720 p/month

 

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The Maidstone – A two-bedroom semi-detached home in Harworth, Doncaster

This home features a large window to the front of the lounge, allowing lots of natural light, The open-plan kitchen with dining space includes French doors that lead out to the rear garden. The main bedroom features an en-suite, and there is a family bathroom with a downstairs toilet. This property also comes with a parking space and an EV charging point. There are two of these properties available.

£720 p/month

Moresby detache – front 2

The Moresby – A two-bedroom corner home in Harworth, Doncaster

This home features a dual-aspect lounge, allowing lots of natural light to fill the room. The open-plan kitchen with dining space includes French doors that lead out to the rear garden. The main bedroom features an en-suite, and there is a family bathroom with a downstairs toilet. This property also comes with a parking space and an EV charging point. There are three of these properties available.

£720 p/month

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The Willow – A two-bedroom semi-detached home in Skellingthorpe, Lincoln

This home offers two bedrooms, one double and one twin. Downstairs is the family lounge area, WC, and modern kitchen with patio doors to the garden. Off road parking for 2 cars to the side of the property these homes are in the much sought after village of Skellingthorpe. There are six of these properties available.

Skellingthorpe is a Village and Civil Parish located in the North Kesteven District of Lincolnshire and is situated approximately 3 miles West of Lincoln City Centre and just off the A46 Lincoln Ring Road. The village itself offers a wide range of local amenities including shops, public houses and primary schooling. There is good access to Lincoln City Centre via the A46 Bypass.

£720 p/month

 

Successful applicants MUST be able to show a local connection to the area as follows:

  • Applicants have been permanently resident in the locality for the last SIX months; or
  • Have immediate family members who are currently and have been continuously resident for the last FIVE years in the locality. Family members are defined as parents/guardian, adult children or brothers or sister; or
  • Applicants have previously lived in the locality for a continuous period of TWELVE months (whilst aged 18 or over) in the last FIVE years; or
  • Applicants main place of work is in the locality for a continuous period of TWELVE months.

Rent to buy FAQs

Find out more below about our Rent to Buy scheme

In order to qualify for Rent to Buy you have to be a working household with the intention of buying your own home. We will carry out an affordability assessment to ensure that you can afford full market rent, and can therefore save towards a future deposit.

To be eligible for Rent to Buy, tenants must be first time buyers having not previously owned their own home. An exception to this is where an applicant is looking to return to home ownership following a relationship breakdown.

Applications will be assessed on a first come first served basis. Rent will be payable in advance, the amount will be dependent on when your tenancy begins. Applications will go live on the Ongo website and properties will also be advertised on Ongo social media channels. If you are successful, our lettings team will contact you to process your application, arrange a viewing and then if successful, sign you up for your new home.

The monthly rent is set initially at 80% of market rent. Rent increases are normally applied annually and are limited to 1% + the Consumer Price Index (CPI).

We will meet with you every year to discuss your progress in saving to purchase your home. The scheme is designed for those who wish to buy, but if you’re circumstances have changed throughout your tenancy we can offer support and potential alternatives to Rent to Buy.

The amount of deposit needed will depend on the value of the property at the time of sale, the type of lending product available at the time of the sale and your personal financial circumstance. You will also need to consider costs associated with a property purchase such as legal fees, stamp duty, survey etc. We recommend you seek independent financial advice for further guidance on purchasing a home.

Rent to Buy expressions of interest

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Homes to rent

We are committed to providing a range of affordable quality homes for all.