Rent to Buy scheme: a new solution to the housing crisis?

Government proposal aims to help 'hard-working' tenants pay lower rent so they can save for deposit

UK Communities Secretary Erick Pickles
(Image credit: Oli Scarff/Getty)

The government is to announce a £400m proposal to help "hard-working" tenants save up for a deposit to buy a home. Communities Secretary Eric Pickles tells The Times that the new Rent to Buy scheme aims to give young workers a "springboard" onto the property ladder.

So, how does it work?

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