The Rent to Buy scheme is a discounted rent then buy scheme, offered to support our customers in getting onto the property ladder

Part-funded by Homes England, the ultimate aim of the scheme is to allow you to take advantage of the reduced market rent in the 5-year term, allowing you to save for a deposit. After 5 years, if the property is not purchased, the rent will increase to be in line with full Market Rent.

Rent to buy timeline

Here is the typical example timeline of the Rent to Buy process


At the end of the 5-year term

The Sales and Marketing Team will be on hand to help you in purchasing the property outright.


After 1 year

You have the option to purchase a share of the property. This will be based upon affordability and you’ll need to qualify with one of our Independent Financial Advisors.

The 5 key eligibility requirements for this scheme are:

  • The property must be your only home
  • At least one member of your household needs to be in permanent employment
  • The joint household income must not exceed £80,000 per annum
  • The rent should utilise 25% - 45% of your household income
  • If you’re an existing homeowner, you may be eligible, for example, if due to a relationship breakdown

Download our Rent to Buy customer leaflet

The process is outlined below:

  • Visit our New Homes webpage to identify a development/house type you are interested in
  • On identifying your preferred development, advise the Sales and Marketing team by emailing who will then forward a Rent to Buy application for

  • Upon completion, your application form will be forwarded to a Financial Advisor who will contact you. You’ll need to provide the documentation they require within 2 weeks
  • Once you’re financially approved, you can reserve your new home, no deposit required!

Please note, if you make an application which is assessed and declined, a further application with amends i.e. an additional applicant, cannot be submitted or accepted. Due to the scheme being extremely popular, it is our role to ensure that the intention of applying for this scheme is genuine, proven and to result in home ownership.

Non-disclosure of any information, CCJ’s, IVA’s, debt or adverse credit will result in your application being closed immediately and you will not be permitted to re-apply for the rent to buy scheme indefinitely.

If you are currently in an IVA/DMP, you will need to have 12 months or less on your remaining term in order to be considered for Rent to Buy. The current stance from the lenders is that if you are currently in an IVA/DMP, you will not be accepted for a mortgage. If you are looking to move to Shared Ownership after 12 months or to purchase in full after five years, the remaining term of the agreement becomes crucial. If you have defaults on your accounts, they will need to be settled in full. If there are numerous defaults over a number of years, you may not qualify due to spending habits.

If you are an existing Rent to Buy customer or have previously had a Rent to Buy home with Karbon Homes, you will not be given priority over those who have not yet had the opportunity to benefit from the scheme.

Next steps

To receive a Rent to Buy application form, please contact our Sales and Marketing team at

For more information call us on 0191 223 8749