Stable household income
Regular, verifiable employment, self-employment, pension or other acceptable income that supports the proposed payments.
Application criteria
Could the Tenant Buyer option suit you?
We assess the whole application. Previous credit difficulties do not automatically prevent an enquiry, but the arrangement must be affordable and there must be a realistic route to funding the purchase.
Affordable monthly budget
Capacity for rent, the separate purchase top-up, utilities, council tax and normal living expenses without undue financial pressure.
Upfront option funds
Available funds for the agreed option payment, with evidence of their source where required.
Realistic purchase plan
A credible route to a mortgage or other purchase funding before the option expires.
Suitable household
The property must be appropriate for the intended occupants, location and bedroom requirements.
References and checks
Satisfactory identity, right-to-rent where applicable, affordability, landlord, employment and credit checks.
Information we may request
Be ready to evidence your circumstances.
- Photo identification and current address
- Recent payslips or proof of self-employed income
- Bank statements and evidence of upfront funds
- Current landlord or housing reference
- Details of household members
- Consent for appropriate affordability and credit checks
Credit history
Credit issues are considered in context, including their cause, age, current status and effect on your likely mortgage options. Approval is never automatic, and we will not describe a larger upfront payment as a substitute for genuine affordability.
Before applying
A useful self-check.
Can I afford every monthly cost?
Include rent, top-up, utilities, council tax, insurance, travel, debts and normal living costs.
Can I become mortgage-ready in time?
Speak to a suitably authorised mortgage adviser about likely deposit, income and credit requirements.
Do I understand the downside?
Consider what happens to payments and your housing position if you choose not to buy or cannot obtain funding.
Tell us about your circumstances.
Every application is assessed individually and subject to available properties.