What is Rent To Buy?

The government-backed Help To Buy (HTB) scheme, introduced to assist first time buyers establish themselves on the property ladder, ended in October 2022. A year later, the Bank of England increased interest rates to combat the inflationary pressures on the economy, and most recently stamp duty increases have resulted in the need for buyers to have more cash in hand at the start of their buying process. As a result, buyers’ ability to enter the London property market is more challenging than ever before. But there is a solution…

Rent to Buy offers buyers with an alternative to securing an up-front deposit. This innovative scheme is designed to give buyers the benefit of living in their new home whilst watching their purchase deposit grow over the course of a year.

How Rent to Buy Works:

1. Secure your new home with a reservation fee
2. Pay a 5% deposit (minus the reservation fee)
3. Exchange contracts within 28 days of reservation
4. Move into your new home
5. Pay 12 monthly instalments that equate to approximately 5% of the final purchase price
6. Secure your mortgage
7. Complete your purchase

Why choose Rent To Buy?

1. No large upfront deposit required
2. Affordable monthly payments
3. Ideal for those who need time to build credit or savings

Peninsula Riverfront:

RTB at Peninsula Riverfront – save for a deposit whilst living in a your London home.

Peninsula Riverfront is one of a cluster of five architecturally stunning buildings that comprise the popular Upper Riverside district of Greenwich Peninsula. Complete and already home to a thriving community, this is the first opportunity to own an apartment in this sought after building, ready for immediate move-in.

As a resident at Peninsula Riverfront, you’ll have access to The Upper Riverside Club, offering state-of-the-art gyms, swimming pool, co-working spaces, rooftop terraces and more.