1/16
£230,000
Rent now, choose to buy later with 10% off to help with your deposit
Financial criteria:
Minimum household income of £51,000 p/a *
* This is pre-tax
You also need to:
- be between 18 and 55 years old
- have the legal right to rent in the UK
- have no unspent criminal convictions
- (if you’re self employed), have a minimum 1 year’s worth of tax returns including the current tax year
If you’ll be living with a partner, you’ll need to include them on your application.
If you own another home your Deposit Bridge home must be your primary residence.
If your name is still on the mortgage for another property, for example a former family home after a separation, we may still be able to help on a case-by-case basis.
The Alnmouth is a great first home if you’re stepping onto the property ladder. Make your mark on the open-plan living space and create a welcoming new home to come back to after a busy day. One of the bedrooms has all the storage space you’ll need for your wardrobe and the other can easily double-up as a home office or guest room.
Deposit Bridge is a brand new rent-to-own product that lets you move into a new-build home now, with the option to buy it later at a 10% discount which could replace the deposit you’d need for a mortgage. Rent now with more to show for it later.
How Deposit Bridge works:
- Move in with just 1% of the property value upfront to secure your right to buy, with no fees or traditional rental deposit required
- For the next 5 years, rent this home with fixed monthly payments - no increases for as long as you live there!
- Make the home yours, with the freedom to decorate, personalise the space and keep pets*
- After five years, choose whether to buy the home and receive a 10% discount to the home’s market value if you buy, replacing the mortgage deposit you would otherwise need to save**
- If you decide the home is not right for you, move on and receive a cash payment of up to 7% of the home’s value*
* Subject to the terms of your agreements
** Mortgages are subject to availability, with terms and eligibility determined by the lender. Wayhome doesn’t provide financial or mortgage advice, you should seek independent financial advice before making any decisions.
- Ipswich Rail Station (12.0km)
- Manningtree Rail Station (12.0km)
- Needham Market Rail Station (13.1km)
- Mistley Rail Station (13.8km)
- Westerfield Rail Station (14.0km)
- Derby Road (Ipswich) Rail Station (14.6km)
- Stowmarket Rail Station (16.0km)
- Sudbury (Suffolk) Rail Station (16.1km)
- Bures Rail Station (16.1km)
- Colchester Rail Station (17.1km)
