On each Rentplus site, homes are divided up into four groups, each is on the scheme for an agreed period of between 5 and 20 years as shown below.
- 25% of properties will be Rentplus homes for 5 years
- 25% for 10 years
- 25% for 15 years
- 25% for 20 years
Initially, you will be given a five year tenancy, and this will be renewed every five years until the property reaches the end the agreed period.
When your property reaches the end of the agreed period you will be given the opportunity to buy your home. Rentplus will also give you a deposit of 10% of the value of your home as a gifted deposit to add to your own savings. You can get advice on how big a deposit you may need by clicking on the links on the right.