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


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.


At the end of the 5-year term

The Homebuy Team will be on hand to help you in purchasing the property outright.

Download our Rent to Buy customer leaflet

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 paid employment
  • The joint household income must not exceed £60,000 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

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 are an existing Rent to Buy customer with Karbon Homes you will not be given priority over those in greater housing need. Non-disclosure of any 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.


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