Rent to Buy

Could Rent to Buy be the right option for you?

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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.

Wigmore Park, New Waltham

Ellerton

Ellerton semi-detached

The Ellerton is a two-bedroom semi-detached property as part of the Wigmore Park development in New Waltham.

Living here, you’ll be able to enjoy the 4.3 acres of public open space and the pedestrian routes which are ideal for dog walking or getting your steps in. The beautiful Cleethorpes beach is only 3.4 miles away, while the Lincolnshire Wolds’ gorgeous views and scenic walks are only a short drive away.

For those not wanting to walk or drive there is a fantastic bus route only 1 minute walk from the development, providing easy access to Cleethorpes, Grimsby train station and a direct bus that takes you to the Princess Diana of Wales Hospital.

Families will also appreciate being close to the Ofsted rated ‘Good’ Littlestars nursery, ‘Outstanding’ Waltham Leas Primary School and as your young ones grow, you’re only a walk across the road to one of the highest performing schools in the country, Tollbar Academy/Sixth Form, rated ‘Outstanding’. Families can also enjoy the equipped play area conveniently located on the development.

There are four of these properties available. Payable rent is £680 p/month.

Applications are now open – use the form below to express an interest in this property type.

Moresby

Moresby detached

The Moresby is a two-bedroom detached property as part of the Wigmore Park development in New Waltham. 

Living here, you’ll be able to enjoy the 4.3 acres of public open space and the pedestrian routes which are ideal for dog walking or getting your steps in. The beautiful Cleethorpes beach is only 3.4 miles away, while the Lincolnshire Wolds’ gorgeous views and scenic walks are only a short drive away.

For those not wanting to walk or drive there is a fantastic bus route only 1 minute walk from the development, providing easy access to Cleethorpes, Grimsby train station and a direct bus that takes you to the Princess Diana of Wales Hospital.

Families will also appreciate being close to the Ofsted rated ‘Good’ Littlestars nursery, ‘Outstanding’ Waltham Leas Primary School and as your young ones grow, you’re only a walk across the road to one of the highest performing schools in the country, Tollbar Academy/Sixth Form, rated ‘Outstanding’. Families can also enjoy the equipped play area conveniently located on the development.

There are four of these properties available. Payable rent is £720 p/month. Two properties are available now, with a further two available in November.

Applications are now open – use the form below to express an interest in this property type.

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

Use this form to express an interest in one of the Rent to Buy properties we currently have available.

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

Homes to rent

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