Getting on the property ladder can be challenging, especially when high rental costs make saving for a deposit difficult. At Viola Homes, our rent to buy scheme offers an affordable, flexible route to owning your own home. By renting at a reduced rate, you can save for a deposit while enjoying the benefits of a brand-new home.

If you’re looking for a smart way to transition from renting to owning, here’s everything you need to know about rent to buy, how it works, and whether it’s the right option for you.

 

What is the rent to buy scheme?

Rent to buy is a government-backed initiative designed to help renters become homeowners. With Viola Homes, this scheme allows you to:

✔️ Rent a high-quality new-build home at a reduced rate (typically 20% below market rent)
✔️ Save money while renting, making it easier to build a deposit
✔️ Buy your home within five years.

This scheme is ideal for first-time buyers who can afford monthly rent but need extra time to save for a mortgage deposit.

 

How does rent to buy work? 

1. Find your rent to buy home

• Viola Homes offers modern, new-build properties through the scheme 

• You must meet eligibility criteria such as being a first-time buyer or returning to homeownership after a relationship breakdown, and having a stable income. 

2. Rent at a discounted rate 

• You’ll pay 20% below market rent, helping you save for a deposit 

• The reduced rent period typically lasts up to 5 years. 

3. Save for your mortgage deposit

• The scheme allows you to set aside savings each month while renting 

4. Buy your home

When ready, you can: 

• Purchase the home outright with a mortgage 

• Use shared ownership to buy a percentage and pay rent on the remaining share. 

 

Why choose rent to buy with Viola Homes? 

• Lower rent = more savings – renting at 20% below market rates allows you to save for a deposit faster 
• Brand-new homes – enjoy modern living with lower running costs 
• A smooth transition to homeownership – build financial stability while renting.

 

Common Myths About Rent to Buy 

❌ Myth: “Rent to Buy is only for low-income buyers.” 

✅ Reality: The scheme is open to anyone who meets the eligibility criteria, including professionals who need time to save. 

❌ Myth: “You need a huge deposit to buy the home.” 

✅ Reality: Many buyers use low-deposit mortgage options or shared ownership to make home-ownership more affordable. 

❌ Myth: “Rent to buy homes are poor quality.” 

✅ Reality: Our rent to buy properties are brand-new, high-quality homes designed to meet modern energy-efficiency standards. 

 

View available rent to buy homes here!