L&Q launches first Rent to Buy scheme

Leading housing association L&Q has announced its first Rent to Buy homes, widening the range of homes and tenures offered in and out of London.

Capstone Green is the first scheme offering this new tenure in Chatham, Kent. Offering a range of two and three-bedroom apartments alongside three and four-bedroom houses, Capstone Green offers residents a balance of open green spaces and contemporary living, just a short hop from London.

Rent to Buy is a government-backed initiative that helps tenants transition from renting to homeownership, with rents set at approximately 80% of a similar property on the open market. This monthly saving can then be used towards a deposit for buying a home – including the one they’ve already been living in.

Andrea Palmer, Head of Intermediate Rent at L&Q, comments:

“It’s widely documented that rents in London have increased significantly, but it’s also something that’s having a huge impact outside the capital too.

“Bringing Rent to Buy to Kent will have a huge impact on those who currently want to, but can’t afford to, buy in their local area.

"This marks the first Rent to Buy tenancy ever offered at L&Q, and we’re incredibly excited about the growth opportunity it represents and the improved options we can now offer to residents.”

To learn more about our Rent to Buy offer and how the scheme works, visit our dedicated information page.