Tenants and Concessionary Purchase NO DEPOSIT Mortgage

What if you could buy the home that you love and rent with no deposit saving needed?

A concessionary purchase mortgage can make it happen.

A faster route to homeownership and a simple solution for landlords too.

What is a concessionary purchase mortgage?

Landlords can sell directly to long-term tenants they know and trust, even if the tenant doesn’t have a cash deposit. By offering a discount on the sale price, that discount is treated as gifted equity, creating a simple and secure way to complete the sale.

Why it works for tenants looking to buy

Lower (or no cash) deposit needed - ideal for first time buyers

Stay in the home they already love

Avoid moving costs and disruption!

Why it works for landlords looking to sell

Potentially quicker, smoother sale

Reduced selling costs

Support a loyal tenant

Minimal disruption

Key criteria

• Minimum concession - 5% discount off market value

• Discount limits - up to 25% maximum discount for landlord-to-tenant sales

• Tenant criteria - at least one applicant must have been a tenant of the selling landlord at least for one year

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