1/13
£389,950
Rent now, choose to buy later with 10% off to help with your deposit
Financial criteria:
Minimum household income of £86,000 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.
This five-bedroom, three-bathroom family home has the bonus of an integrated double garage. There’s still plenty of room for the rest of the ground floor accommodation, and bi-fold doors to the garden put the bright kitchen/dining/snug right at the heart of the home. Upstairs, the spacious bedrooms are accompanied by a family bathroom, two en suites and a dressing room to bedroom one.
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.
- Pegswood Rail Station (6.1km)
- Widdrington Rail Station (7.8km)
- Morpeth Rail Station (8.9km)
- Cramlington Rail Station (11.0km)
- Acklington Rail Station (15.3km)
- Shiremoor (Tyne and Wear Metro Station) (16.4km)
- West Monkseaton (Tyne and Wear Metro Station) (16.4km)
- Monkseaton (Tyne and Wear Metro Station) (16.7km)
- Northumberland Park (Tyne & Wear Metro Station) (16.7km)
- Whitley Bay (Tyne and Wear Metro Station) (17.2km)
