Rent First Scheme

Rent First is a scheme which enables people to rent a property first and then purchase it, if they wish to, at a later date

 

The Rent First scheme provides a mid-market housing solution for individuals and families who are in a financially stable position and yet are unable purchase a house at the present time due to economic uncertainties, house prices and lack of deposit for a mortgage.

 

Under the Rent First scheme, rent will be charged at a lower amount than market rent which will enable a deposit to be saved. The tenant will then be able to purchase the property after a period of three years.

 

Are you a first time buyer?

Want to own a home of your own?

Don't have a deposit?

Look no further, home ownership could be within reach.

 

To be eligible for the scheme applicants must:

  • Be over 18
  • UK citizen or EU/EEA passport holder or have ‘indefinite leave to remain’ stamped in your passport
  • Must have a local connection to Llantwit Major or adjacent communities
  • Meet certain affordability criteria (including a minimum income requirement)
  • Be a first time buyer or consider yourself to be first time buyer in your own right
  • For those leaving the Armed Forces, have lived in Vale of Glamorgan for 6 months prior to joining the armed forces

 

Le-Poliguen---Photo-(7)10 Le Pouliguen Close, Llantwit Major, CF61 1YJ.

The rent payable is £189.95 per week (equivalent to £825.38 per month).

 

Successful applicants will be expected to save for a deposit to enable them to obtain a mortgage, while they are renting.

 

The obligation to purchase will come into force 8 years after the tenancy commences, and will remain open for a period thereafter of 2 years.

 

Any increase in the value of the property during the rental period will be shared between the successful applicant and Hafod at the time of purchase.

 

Llantwit Major is situated next to the railway station and is close to shops and schools.

A Local Lettings/Sales Policy operates in this area and priority will be given to local residents.

 

  • 01446 709433 / 01446 709237

 

 

Apply for a Property

If you are interested in purchasing a property on this scheme please read the FAQ and complete the Rent First Application Form.

 

Please note that eligibility criteria apply. Applications will be assessed and if successful held on a reserve list for the next available property.

 

Please return completed forms to: Housing Strategy Team, Vale of Glamorgan Council, Civic Offices, Holton Road, Barry, CF63 4RU