The Rent To Buy scheme was conceptualised by CHT in response to the Scottish Government’s call for innovative new projects to deliver housing in rural areas. CHT recognised that it was becoming increasingly difficult to secure mortgages due to the large deposits required.
The Rent To Buy Scheme (RTBS) across Scotland helps people who wish to become home owners by allowing them to rent a new home for up to 5 years whilst saving up for a deposit.
The RTBS aims to help people who are on modest incomes to become home owners in rural communities by returning a cash-back “loyalty” sum to the tenant at the end of their 5 year rental period if they purchase the property. This sum is used towards the deposit required to secure a traditional mortgage. The tenant becomes the owner!
Another benefit is that the house price is fixed at the outset, which means that if house prices increase over the 5 years, the purchasers will not have to pay any more.
The Rent To Buy Scheme (RTBS) across Scotland helps people who wish to become home owners by allowing them to rent a new home for up to 5 years whilst saving up for a deposit.
The RTBS aims to help people who are on modest incomes to become home owners in rural communities by returning a cash-back “loyalty” sum to the tenant at the end of their 5 year rental period if they purchase the property. This sum is used towards the deposit required to secure a traditional mortgage. The tenant becomes the owner!
Another benefit is that the house price is fixed at the outset, which means that if house prices increase over the 5 years, the purchasers will not have to pay any more.
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Read more in the full factsheet below: 
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The Rent To Buy Scheme was a finalist in the World Habitat Awards 2015, which recognises and highlights innovative, outstanding and sometimes revolutionary housing ideas, projects and programmes from across the world.
The Awards are organised in partnership with UN Habitat. |
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Previous Rent To Buy projects
Rent To Buy Phase 1, Shieldaig
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Rent To Buy Phase 1, Dornoch
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Rent To Buy Phase 1, Beauly
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Rent To Buy Phase 1, Gairloch
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Rent To Buy Phase 1, Fodderty
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Rent To Buy Phase 1, Lochcarron
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Rent To Buy Phase 1, Auldearn
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Rent To Buy Phase 2, Dornoch
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Rent To Buy Phase 2, Acharacle
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Rent To Buy Phase 2, Invergarry
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Rent To Buy Phase 2, Inverarnie
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Rent To Buy Phase 2, Auldearn
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Rent To Buy Phase 2, Balmacara
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Rent To Buy Phase 2, Kyleakin
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Rent To Buy Phase 2, Shieldaig
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