Dream of buying a home in Wisbech

Aug 4, 2023

Do you dream of owning your own home in Wisbech but unable to save a deposit? Saving for a deposit can seem like the most difficult part of buying a house. Rentplus has a solution that might be right for you.

We are very excited to announce our newest scheme.  We have newly built properties on a beautiful new development in Wisbech. There will be 23 Rentplus affordable rent to buy homes: initially, just 4 are available with the rest to follow.

Rentplus is designed for individuals and families who aspire to home ownership. Prospective applicants must be employed, pursuing education or training, and demonstrate a strong desire to purchase their own home. Successful applicants move into a brand new home and no deposit is required when you move in, just one month’s rent in advance.

For the first five years, tenants pay a subsidised affordable rent, or the Local Housing Allowance if lower. Rent includes all service charges and repairs and are set in consultation with the council. They are typically 20% cheaper than local open market rents. This allows people time to clear debts, build a strong credit rating and start to save to buy their home.

When tenants buy, Rentplus gifts 10% of the market value towards your savings. And our aspirant homeowners are buying 100% of your home – no staircasing or additional fees, unlike shared ownership and other schemes.

The first phase becoming available is;

2 x 2-bedroom houses

  • Monthly rent £620pm
  • Allocated parking
  • Gas Central heating

2 x 3-bedroom houses

  • Monthly rent £740pm
  • Allocated parking
  • Gas Central heating

We allow under-occupation by one bedroom.

The priority order for allocation is;

1.               Existing Social Housing tenants living in the Fenland district area/ and those households who are at risk of homelessness

2.               Applicants currently on the Council’s housing register

3.               Applicants eligible for housing who have a local connection to The Council district.

Applications from Key and Essential workers or Armed Forces personnel are welcomed.

Please register your interest by emailing  [email protected] or calling 01908 738464.  For more information, please see our PDF flyer here.

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