Rent to Buy

Live for today. Save for tomorrow. Own the future.

We want as many people as possible to have a beautiful home to call their own, and at Peabody, we’ve been helping people in London and the south-east do this for over 150 years.

We understand how difficult it can be to get a foot on the property ladder these days. Too often people are forced into completely changing their lifestyle or making big sacrifices, like moving away from family, friends and work, just to be able to save for a deposit to buy their own home. For many, the idea of ever being able to afford to buy in London feels out of reach.

We are delighted to offer Rent to Buy at selected developments as a brand new way to make it possible for you to own a home. Rent your new home at a 20% discount, save as you go for a deposit and after 2 years own your home through Shared Ownership.

Make your homeownership dreams a reality at a visionary new community in London.

DOWNLOAD RENT TO BUY GUIDE

How does Rent to Buy work?

Here’s how it works….

rent to buy steps

For more information about starting your journey towards owning your first home please download the Rent to Buy guide.

DOWNLOAD RENT TO BUY GUIDE

How much could you save?

Example: 1 bed apartment at Colindale Gardens

Minimum annual household income  £45,000
   
Cost of your home £380,000
Reservation fee £99
Six weeks' deposit £1,530
Market value rent (monthly) £1,400
Monthly rent you will actually pay (-20%)

£1,100

 

A 20% discount on your rent means you can build up savings of £7,200 in just two years

Cost of buying through Shared Ownership

Your journey to owning your own home

Check you are eligible for Rent to Buy

  • My household income is not more than £90,000 a year
  • I don’t own a property already
  • I am willing to agree with you a sustainable amount I am able to save every month whilst I am renting my new home
  • I can afford the monthly Shared Ownership costs at the moment, but don’t currently have a large enough deposit to buy through Shared Ownership or outright
  • I am able to show that I can obtain a mortgage based on my current credit report
  • I am able to pass money laundering and fraud checks
  • I am hoping to buy a home big enough to suit my current needs
  • I am able to get a good tenancy reference from my current landlord

Speak to a Sales advisor for more information regarding eligibility and affordability criteria

Get in Touch:

(Mon - Fri 9am - 5pm, Sat - Sun Closed)

Featured Rent to Buy Developments