#RENTSAVEOWN
I didn’t have enough of a deposit to get the mortgage I needed.” She chose to move back home with her mum in Leicestershire. It gave her the chance to retrain as a counsellor and to save more seriously towards her future. Living at home has helped her save faster, but it hasn’t replaced the independence she once had. “It has been OK living with mum. We get along great, and I pay her minimal rent, which helps me to save more. I live in the home where I grew up. It’s in a rural location, and as lovely and quiet as it is, I do have to drive everywhere. And, let’s face it, having had that taste of freedom, I want to have my own place more than ever.” Like many adults who move back home to save, it is a practical decision rather than an ideal one.
Own when youʼre ready
Rent your new home
Within five years you move from renting to owning.
Know your budget, choose your new-build home.
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A clearer way to #RentSaveOwn
When youʼre ready to buy, choose a mortgage lender.
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Apply through a partner housebuilder.
Build savings and track progress with the app.
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Your home is ready, you move in.
THE COST-OF-LIVING REALITY
Save while you rent
Tahli’s experience reflects a wider trend across the UK housing market. Saving is something that happens in addition to paying rent and other expenses, rather than being part of the process. Studies suggest around 88% of renters say that paying rent makes saving for a deposit difficult 4 . Many are trying to build up thousands of pounds in savings while also covering the full cost of rent and living expenses. With everyday costs rising, many people find their savings plans slowing down or their lives being put on pause. Changes in house prices, interest rates, and savings interest rates can leave homebuyers feeling like the goalposts keep moving. Those building a deposit are unable to move forward with life plans This has a real emotional impact, including feelings of being stuck, frustration and anxiety about the future. HOW #RENTSAVEOWN WORKS That’s why Own Homes has created a different way into homeownership. It offers a way to combine renting and building a deposit into a single monthly payment through its homeownership scheme, #RentSaveOwn. The scheme can help those who: • Are able to afford a mortgage-level monthly payment • Want to own the home they live in • Are looking for a clear, structured route into homeownership. Homebuyers choose a new build home from a partner housebuilder and move in when it’s built. Each month, they pay a fixed amount, similar to the amount they
would pay for the mortgage. Part of that payment covers the rent. Another part goes into a dedicated savings pot that builds toward the future deposit month by month. Because the saving element is built into the monthly payment, homebuyers don’t have to save on top and can build a deposit to buy within five years. They live in the home they plan to own, and benefit from knowing: • Where they will they live longer-term
That idea of “saving without thinking about it” may resonate with many. Why? Because when saving becomes part of your monthly housing payment, it may feel more realistic, more consistent and easier to achieve. For many aspiring homeowners, this approach could help them rent and save a deposit at the same time, helping them achieve the goal of buying a home within five years. LAUNCHING SOON Own Homes is launching later this year, but you don’t have to wait until then to find out whether this rent-to-own option could work for you. Visit ownhomes.com/how-it-works/.
• What they pay each month • Their deposit is growing.
When ready, homebuyers apply for a mortgage, pay their deposit, and then buy the home. For Tahli, owning a home is important to her future, “A home to me is about family, warmth, security and safety. Mum has always rented and never had that security. My goal is to own my home.”
Because owning a home should feel achievable.
1 3.57 million renters – torridgeandtavistockconservatives. org.uk/news/we-need-housing-solution-resentful-renters
THE POSSIBILITY OF OWNING SOONER
2 35 years – gov.uk/government/statistics/chapters-for- english-housing-survey-2024-to-2025-headline-findings-on- demographics-and-household-resilience/chapter-3-housing- history-and-future-housing 3 13 years – mortgagestrategy.co.uk/news/first-time- buyers-face-13-year-savings-slog-to-buy-get-on-housing- ladder/ 4 88% of renters – nationwide.co.uk/media/news/ home-truths-rising-cost-of-living-forces-first-time-buyers-to-put- plans-on-ice-for-now
For Tahli, the idea of combining rent and savings into a single, predictable monthly payment makes sense. “I’ve been saving for nine years, yet I could have been a homeowner four years ago with Own Homes. If my deposit savings came out of my rent, I could save without thinking about it,” she says, “and I could already be on the property ladder.”
First Time Buyer June/July 2026 57
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