Rent to Buy with Hellens Residential
Rent to Buy is a new tenure that makes buying your own home more affordable.
What is Rent to Buy?
Rent to Buy homes must be let to working households at an intermediate rent to give them the opportunity to save for a deposit to buy their first home.
The homes will be offered at an intermediate rent for a minimum of 5 years.
Tenants must be working at the time of letting and have not previously owned their own home unless they have suffered a relationship breakdown.
After the initial 5 years of letting the tenant has the opportunity to buy their home at market value.
If the tenants do not exercise the choice to purchase, Hellens will retain the property as rented housing (market rate rent) or sell it on the open market.
Current homes that we have available on Rent to Buy can be viewed by clicking below:-
2 bed homes at Church View Trimdon, County Durham
3 bed homes at Church View Trimdon, County Durham
2 bed homes at Teal Park Farm, Washington, Tyne & Wear
2 bed apartments at Teal Park Farm, Washington, Tyne & Wear