Are you dreaming of owning a home in Newcastle but struggling to save that huge deposit while paying high private rent? The scheme might be your answer.
Searching for "rent to buy" in can lead to different opportunities depending on whether you are looking in the United Kingdom or Australia . In Newcastle upon Tyne (UK), the government-backed Rent to Buy scheme allows you to rent a home at 80% of the market rate for up to five years , giving you time to save for a deposit.
Drop a comment if you’ve used a local scheme or want to know more about who is offering these homes currently! 👇 rent to buy newcastle
Use the 20% savings to build your mortgage deposit.
Pay only 80% of the market value for up to 5 years. Are you dreaming of owning a home in
Buy your home outright or through Shared Ownership at any point during your tenancy.
Generally available for working households who are first-time buyers. In Newcastle upon Tyne (UK), the government-backed Rent
Local providers like Karbon Homes and Newcastle City Council often have new-build properties available under this scheme.