Rentplus – the award winning route to home ownership for those on low or middle incomes - has new, affordable rent-to-buy homes in Berkshire for the first time. The scheme offers a no deposit, affordable pathway to homeownership for working families on low or middle incomes in the area. It benefits those unable to save the large deposits required to access other types of housing, including shared ownership.
Residents move in to their home without the need for a penny in deposit, and rent before being offered the chance to buy. They rent for a minimum period of 5 years, paying rent to a registered provider or housing association. All the repair costs for the home is included in the rent.
When they decide to buy the home they are living in, they are gifted 10% of the sale price from Rentplus to put towards their deposit.
Rentplus is the leading provider of affordable rent-to-buy homes in the country and winner of the National Housing Awards’ Most Innovative Home Ownership Solution.
What is being offered
Rentplus is offering 41 affordable rent to buy apartments in Eagle House, Bracknell, located within the Lexicon, Bracknell’s brand new multi-million pound leisure development. The properties are in the heart of Bracknell with excellent commuter links to London.
The developer of the scheme is Thomas Homes Limited - a leading developer across the South of England.
The apartments have been fully converted and refurbished and is a mixture of tenures, including affordable rent to buy. The block consists of 84 units in total: 43 flats have already sold within the block, and Rentplus is offering 41 x 1 and 2 bed flats for affordable rent to buy homes.
How do applicants apply for Eagle House
Applicants must be working and have aspirations to buy their own home within a 5, 10, 15 or 20 year period. As agreed with the local authorities, priority will be given to those who can demonstrate a local connection to the area.
A financial assessment will be carried out before ascertaining whether an applicant will be appropriate for a 5, 10, 15 or 20 year purchase plan. One of the benefits to Rentplus is that poor historic credit is by no means a barrier to acceptance as tenants have a minimum of five years to be able to rebuild their credit history.
Appicants should contact us to register interest and arrange a site visit over the next few weeks.
Booking a site visit with Covid19 restrictions.
Our main priority continues to be the safety and wellbeing of our employees and prospective residents, and we have strict social distancing procedures in place.
There is a system for pre-booked appointments for people who want to visit the site and you will need to contact us to register your interest and arrange a site visit over the next few weeks.
You can read about Rentplus residents who have benefitted from no deposit, affordable rent to buy schemes here https://rentplus-uk.com/about/case-studies
Data will be held in compliance with GDPR requirements and will be shared with relevant housing association partners with permissions..