Rent to Buy

Rent to Buy is a new scheme available to renters, with monthly rent costs approximately 20% less than privately renting. This gives you the flexibility of renting privately whilst saving towards your deposit.

By benefiting from a discounted rent, you are expected to save towards buying a home in the future.

We want to make sure you understand everything there is to know about renting a home from Radian Homes, from the reservation process, to the day you move in. Should you have any further questions after reading this Rent to Buy Guide, please contact us.

Who can apply?

To be eligible for Rent to Buy, all applicants must not currently own a home, nor owned a home in the past.

You do not need to be registered with us or a Help to Buy Agent to apply, and all homes are offered on a first come first served basis.

Each property will have a minimum income required, but this is simply to ensure that the monthly rental costs will be affordable for you. There is no maximum income cap for this scheme.

What are the costs?

Your monthly rent will be discounted by 20% when comparing rents for similar homes in the area. You must earn the minimum income required for the home to ensure that it is affordable for you, however there is no maximum income cap for this scheme.

Fees will include a non-refundable £180 for the first applicant and £60 for additional applicants. These fees are for referencing, an admin fee and an inventory. The referencing will be carried out by Experian and will include a credit check, employment reference and landlord reference.

You will also be required to pay a security deposit, which will be held by the Deposit Protection Service (DPS).

Your monthly rent will be paid in advance by direct debit. Your Lettings Officer will be able to inform you of the exact cost, depending on the date you move in.

Other costs may include moving costs, and setting up other direct debits.

What homes are available to rent?

As this is a new initiative launched by the Government just this year, availability is limited. However, homes on offer may range from 1 bedroom apartments to 3 bedroom houses.

All homes available will be offered on a first come first served basis and will be listed under the ‘Homes to Rent’ section of our website.

How long can I live in a Rent to Buy home?

Your initial tenancy with us will be for 6 months, then on a rolling periodic basis.

The home you are renting will be available to buy 7 years after the build was complete but not before, and as the tenant you will have first refusal to buy the home.

This will be 7 years from the building being completed, not necessarily 7 years from when your tenancy started. For example, a home built in 2016 may be available to buy in 2023, regardless of when you started your tenancy.

At the time the home is available to purchase you are unsure if you want to buy the home, you will have 60 days to decide, however Radian has the right to continue your tenancy after this date (this does not supersede the statutory legislation contained within your tenancy agreement).

If you decide to purchase the home, it will be at the current market value at the time of wanting to buy, not from when you initially started your tenancy.

If or when you decide to end your tenancy, we will ask you to give us 2 calendar month’s notice as a minimum. This will need to be given in writing.

Renting your new home

Once you have chosen your new home we will make sure to keep you involved and up to date on the progress of your future home.

We are committed to ensuring our tenancy contract of lettings terms and conditions will be clear and fair.

We will also explain how we will protect your financial deposit. At this stage in the process you will need to organise a number of practical details. These include being in a position to move into the property on an agreed move date, and have the necessary funds available.

Who does the repairs?

Whilst renting, Radian as your landlord, will look after the repairs to the property and you can report these to us on 0300 123 1 567.


We will offer you an initial viewing and, time permitting, an opportunity to measure up after you have reserved the property.

Always make an appointment with your Lettings Officer. Never attempt to visit the property without permission.

Preparing for your move

To help you prepare for your move, we will update you on your tenancy start, the rent and deposit due and arrange a time for your Lettings Officer to meet you at the property to hand over the keys. All persons named on the tenancy agreement must attend the handover meeting.

We will also help you understand all the necessary steps when it comes to moving home and can provide you with professional advice and helpful assistance.

Please keep us informed of any changes in your circumstances which might affect the process of renting and moving into your new home.

Welcome to your new home!

When it comes to your moving in day, we’ll be there to welcome you and make sure that your new home is ready for you to move straight in, hitch-free.

Together we’ll complete a handover checklist, and review the property inventory. We will show you where your utility meters are located and ensure they are accurately read.

And the next step? Enjoy your new Radian Homes home!

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